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Tax Case in Management

The document discusses actions the new CEO John Daughtry should take to regain the company's status after a previous administration engaged in fraudulent acts. It recommends that Daughtry first solve internal problems by settling tax liabilities and penalties from past wrongdoings. Daughtry should also hire competitively, change business practices, and model ethical behavior to regain employee and public trust. Adopting effective marketing and charitable initiatives could help restore the company's reputation. Daughtry must ensure all future actions are legal and ethical to avoid repeating past mistakes.

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Llerry Darlene Abaco Racuya
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2K views2 pages

Tax Case in Management

The document discusses actions the new CEO John Daughtry should take to regain the company's status after a previous administration engaged in fraudulent acts. It recommends that Daughtry first solve internal problems by settling tax liabilities and penalties from past wrongdoings. Daughtry should also hire competitively, change business practices, and model ethical behavior to regain employee and public trust. Adopting effective marketing and charitable initiatives could help restore the company's reputation. Daughtry must ensure all future actions are legal and ethical to avoid repeating past mistakes.

Uploaded by

Llerry Darlene Abaco Racuya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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LLERRY DARLENE A.

RACUYA

BSAT 4-2

1. Upon taking over, what do you think should the new CEO John Daughtry do in order te regain
company status?

As the new CEO, Mr. John Daughtry should focus first in solving the internal problems of the company
before taking the necessary actions in regaining the public's trust. His top priority must be on settling the
company's tax liabilities and other penalties for doing fraudulent acts. He should issue an order to close
all the shell companies that the previous administration have created, and see to it that this anomaly will
never happen again. The best thing he can do is to breath a new life into the dying company by hiring a
more competitive people. He should lead in changing the way the company is doing its business. He
should be a good reflection of ethical values, integrity and good moral principles to all those consisting
the company. And after ensuring that all the people inside the company are on the right direction again,
it is now time to regain the public's trust. They should adopt a more effective marketing plan that will
divert people's attention from the scandalous past of the company and will let them see everything that
is good about the company. Mr. Daughtry may also consider to engage the company in charitable works
in order to prove their good intention in serving the society. Mr. Daughtry should do everthing that he
can to make the company get back on the competition again but he has to make sure that all his actions
are legal and ethical, so as the history will never repeat itself.

2. How he could prevent further tax evasion cases and other criminal acts from happening again?

To prevent tax evasion cases and other criminal acts from happening again, Mr. John Daughtry should
promote transparency on every aspect of the company. Financial reporting, profit declaration, up to the
point of advertising and giving services to the customers. The people consisting the company should
have integrity in all their actions. Mr. Daughtry and his team should prioritize first the interest of the
external parties like the investors and the creditors, before the profit interest of the company. The
company must know and perform its responsibility to the government, which is to declare correct
amount of income and pay right amount of taxes.

3. What are the significant ethical values embedded in the case that should be learned?

The ethical values embedded in the case that should be learned are transparency, integrity and fairness.
Transparency means declaring what is real and true without filtering the information to be issued on
public. Integrity means honesty. Doing the right thing even if nobody is looking. And fairness, it should
be the way we treat everyone and respect other's right, like the customers, investors and even the
government. Because of the goal of gaining high amount of profits, more companies are tempted to do
fraudulent actiins just to achieve this goal. Because of the pressure, the people inside the company came
to forget about transparency, integrity and fairness.

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