Tradeable Corruption Certificates

Tradeable Corruption Certificates (TCC) are likely to be launched on stock markets in Asia and the Middle East today with the Indonesian Stock Market likely to be a star performer given Indonesia’s guilt-edged market performance in the sector. These innovative certificates would facilitate recovery of bribes made by foreign companies and redeploy the funds to tourists from the same country, but only when visiting the country where the bribes were received. This is intended to create awareness of corruption in bribe-giving and bribe-taking countries by motivating tourists to apply for the 50 percent TCC Discounts (TCCDs) to which they are entitled in bars, restaurants and hotels in the bribe-receiving country.

Read →

Comments on this post are for paying subscribers