Ethics of International Business
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From the Paper:"In 1986, General Motors ended a 60-year tradition of South African auto manufacture. The corporation sold its Port Elizabeth plant to a local company. GM promised to license the plant and "provide certain critical components . . . in an effort to preserve the opportunities" in an area of high unemployment (Malone & Roberts, 1994, p. 87). The automaker attempted to put the most positive spin on the withdrawal.
Although the company avoided mentioning the fact, observers noted that recently introduced U.S. legislation proposed repealing South African income tax credits. This meant that GM was facing the double burden of income taxes in both the United States and South Africa. Negative public relations were also a factor. The costs of balancing the expectations of apartheid in South Africa and the anti-apartheid stance expected in the United..."
Cite this Term Paper:
Ethics of International Business (2002, December 30) Retrieved October 04, 2022, from https://www.academon.com/term-paper/ethics-of-international-business-11766/
"Ethics of International Business" 30 December 2002. Web. 04 October. 2022. <https://www.academon.com/term-paper/ethics-of-international-business-11766/>