✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
You are the owner of a small business that has been growing tremendously over the years. You realise that you are going to be taxed heavily on your personal and business earnings in the next fiscal year. Your friend has hooked you up to his tax consultant who has worked out a way to avoid the tax he has to pay on his earnings, which your business partner says he would rather put in an account offshore. Your business partner says sending the revenue intended for tax offshore would allow for the business to recuperate any potential losses that may occur. Your friend assures you that this is not exploiting the system but taking care of business interests. As you consider your friend's advice, which ethical dilemma are you facing?