People sometimes ask why the Tax Justice Network links tax and corruption quite so closely. This morning the FT reports:
Vetco International, the UK oil and natural gas services provider, was on Tuesday subject to the largest criminal fine in US history under foreign corruption laws after it admitted paying $2.1m in bribes to Nigerian officials to win preferential treatment by customs officials.
The Department of Justice said the guilty plea by the company, which was fined $26m, and resolution of a criminal investigation into the charges resulted from Vetco's co-operation in the case.
That's why.
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