Corruption?

[Jman888]

but to vendor,isnt it the same as corporate ,claim under company too...

 

the one benefited still is same in this kind of situation..

 

 

the issue is with the tax authority, the vendor treat it as whatever cost they put in their book and deduct from tax computation. But for the individual who took the money (into his own pocket) did not declare in his tax.

 

For corporate entertainment, it is a cost of doing business which has been budgeted and perhaps a cap also. The money went to other businesses like the karaoke

[Kb27]

To receive money or favours in any form for personal enrichment, in preference to selecting one vendor over others; is illegal in SG.

It is a crime.

[Freestylers09]

no no

 

i mean the vendor/supplier also claim under corporate entertainment one..1 year if not wrong 4k+ or what for small company..

 

same like corporate company,sales also sign their own with/without corporate card and claim later..

 

 

[Jman888]

no no

 

i mean the vendor/supplier also claim under corporate entertainment one..1 year if not wrong 4k+ or what for small company..

 

same like corporate company,sales also sign their own with/without corporate card and claim later..

 

 

your question again?

 

vendor you mean individual like sole proprietor without a company? but every business should have a company registration to file tax mah.

[Donut]

YES, obviously this is what they call "kickbacks" aka corruption.

 

you shld investigate all POs, invoices and interview him and the supplier.

 

Also, determine whether the supplier has any relationship with the employee or not? they could be cousins, uncle/nephew, best friends, gays, etc

 

Get the supplier to admit first, then it easier to nail your employee.

 

Once u get the facts, just sack yr employee.

 

No need to call CPIB lah, if the $$ is too small. If CPIB comes in, they will turn your company accounts upside down.

[Joseph22]

Good will?.... then restaurants, ktv, mooncake sellers, etc etc will be out of business?? quite grey, right?

 

different company have different policy on this.

 

i work in one company that have a policy of anything below USD 50.00 dont have to declare.. above USD 50.00 declare and let the company decide you keep or company keep or return to Vender/Supplier/Sub-con.

 

so its not exactly grey area..

 

i also work in a company where even a simple mooncake cannot take.

[Joseph22]

YES, obviously this is what they call "kickbacks" aka corruption.

 

you shld investigate all POs, invoices and interview him and the supplier.

 

Also, determine whether the supplier has any relationship with the employee or not? they could be cousins, uncle/nephew, best friends, gays, etc

 

Get the supplier to admit first, then it easier to nail your employee.

 

Once u get the facts, just sack yr employee.

 

No need to call CPIB lah, if the $$ is too small. If CPIB comes in, they will turn your company accounts upside down.

 

Usual practise wont interview them from what i see so far..

 

they will investigate quietly (maybe hire professional.) then they will either CPIB or sack the employer and bar the supplier/Vendor

Edited August 24, 2011 by Joseph22

[Donut]

He is getting more than $50k commissions for the past 3mths...

He kept insisting on this supplier. Others are giving better pricings on parts.

 

I will be making a police report later today.

 

50K commissions? ok bro, time to call the CPIB in......

 

but u got the facts right first......

[Donut]

different company have different policy on this.

 

i work in one company that have a policy of anything below USD 50.00 dont have to declare.. above USD 50.00 declare and let the company decide you keep or company keep or return to Vender/Supplier/Sub-con.

 

so its not exactly grey area..

 

i also work in a company where even a simple mooncake cannot take.

 

you can take whatever gifts you get, but MUST declare to the company first.... cannot quietly accept.

 

once you must declare, and the company has no objections, then just enjoy the gifts.

 

you never declare, then the company has every right to suspect you are corrupted

 

 

mooncakes, hampers, can just share them with the office colleagues. no need to keep all to yourself. how many mooncakes can a person eat???

 

[Freestylers09]

a vendor/supplier either SP or PTE LTD

 

treat the client,claim entertainment tax on their company

 

a corporate sales,treat client ,also claim under entertainment.

 

but for vendor/supplier kind relationship,more sensitive than those corporate..how come?

 

both are for sales ,for company too..

[Joseph22]

you can take whatever gifts you get, but MUST declare to the company first.... cannot quietly accept.

 

once you must declare, and the company has no objections, then just enjoy the gifts.

 

you never declare, then the company has every right to suspect you are corrupted

 

 

mooncakes, hampers, can just share them with the office colleagues. no need to keep all to yourself. how many mooncakes can a person eat???

 

Like i say, different company different policy. some company i work with give you a limit amount where you dont have to declare.

Forgot to add.. its writen inside the company policy.

Edited August 24, 2011 by Joseph22

[The_Bear]

Live and let live. CPIB investigation takes ages and no one really benefits from the whole saga. Bottom line for business is profit. We don't earn anything when people die, unless you are in Radx's business.

 

$50k in the grand scheme of things is a small figure compared to the trade amount. I will be more concerned that there are weakness in the purchasing process that allows a single employee to carry out such transactions. Are we only seeing the tip of the ice berg and how to prevent the same from happening down the road.

 

As for the employee concern, it is unlikely he will even remotely admit anything or wrong doing. The most the company can do is to sanction and fire him. Recovery in such circumstances is nearly impossible.

 

As for the supplier, there is a better chance for dialog to find out exactly what happens after the employee has been sacked. Afterall, we are all here for the money only.

[Mustank]

Depends on your objective(s).

 

1) bad guy to cough out the money? If yes, better get your accountant to account for it properly in the books and declare it to IRAS in the next FY.

 

2) Report to CPIB for whatever motivation (teach the bugger a lesson / justice / company policy / warning to the rest).

 

 

If you have objective 1 and 2, i suggest you achieve objective 1 first then 2. probably easier.

 

 

 

 

Other considerations:

 

1) legal obligation to lodge report. you better get legal advice on this matter. From what i heard, there is no provision to compel the reporting of crime unless it is an attempt to the President

[The_Bear]

a vendor/supplier either SP or PTE LTD

 

treat the client,claim entertainment tax on their company

 

a corporate sales,treat client ,also claim under entertainment.

 

but for vendor/supplier kind relationship,more sensitive than those corporate..how come?

 

both are for sales ,for company too..

 

On corporate level, the entertainment is part of of the activities where discussions continue and executives are expected not to favor any one particular company.

 

On purchasing level, it would be difficult to imagine a vendor entertaining an employee long term if he does not exhibit favoritism towards that particular vendor.

[Kezg1]

Hi all,

 

I found out that one of my employee getting commission from a supplier without my knowledge...

Can that be term as corruption?

Can I report him to CPIB or make a police report?

 

I do have all the evidence in hand.

 

Need experts view and advise/advice on these serious matter.

 

Thk u.

 

 

 

First of ALL if he did declared to the coy and commission thru the pay roll then i believed its legal,

otherwise ask him to cough out the $$ and write a resignation letter....give him a route for livelihood.

Its going to be very disruptive when CPIB involve....IMO

[Brianjones]

Hi all,

 

I found out that one of my employee getting commission from a supplier without my knowledge...

Can that be term as corruption?

Can I report him to CPIB or make a police report?

 

I do have all the evidence in hand.

 

Need experts view and advise/advice on these serious matter.

 

Thk u.

 

Do it! What you see may be te tip of the iceberg

[Jman888]

a vendor/supplier either SP or PTE LTD

 

treat the client,claim entertainment tax on their company

 

a corporate sales,treat client ,also claim under entertainment.

 

but for vendor/supplier kind relationship,more sensitive than those corporate..how come?

 

both are for sales ,for company too..

 

 

no different and nothing sensitive as long as the person is not benefiting $ or in kind into his own pocket.

 

Last time the high profile case of supplier giving the chefs either kickback or deliver extra 5 kgs of shark fin to the chef's home, also kena.

 

Corporate sales less sensitive maybe the commission from their own company is quite a lot and they can only accept hamper, karaoke, shark fin dinner, etc. but not a blank cheque.

[Maxus-MIFA9]

He is getting more than $50k commissions for the past 3mths...

He kept insisting on this supplier. Others are giving better pricings on parts.

 

I will be making a police report later today.

 

So..... have you make the report ????