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payola -a business expense!


Kenb
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Most know of the Payola scandals.

But deducting Payola from income taxes as a business expense is a new one on me. -Feb 2nd 1967.

payola Coed Records Feb 2 1967.PNG

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The hypocrisy of the enforcement of laws governing payola was a particular beef of Carl Davis, who got caught up in the US Justice Dept sweep of mainly black music-focused labels in the mid-70s.

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16 hours ago, Kenb said:

Most know of the Payola scandals.

But deducting Payola from income taxes as a business expense is a new one on me. -Feb 2nd 1967.

payola Coed Records Feb 2 1967.PNG

I worked on many international 3rd World engineering projects, and all our project budgets had an item titled "Bakshish", for paying "bribes" to local project country government agencies, to provide us with data we needed, or access to project study areas (in other words, we had to pay bribes to even be physically able to do the work we were hired to do, and writing it off as necessary project expenses was entirely legitimate.  :pirate:  

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