Documentos de Académico
Documentos de Profesional
Documentos de Cultura
017
adds, lower corporate taxes are giving Britain’s financial and busi-
ness sectors a boost. The U.S. still tops Britain in purchasing power
parity, another measure of prosperity. –Mark Scott
018 BTW
the little red
book is
way in the black
Mao Zedong abolished literary
royalties as “bourgeois” dur-
ing China’s Cultural Revolu-
tion. Now there’s a new debate
over royalties—those arising
from Mao’s collected writing
and speeches. The issue is who
should get the money—about
$17 million as of 2001. Since
Mao’s death in 1976, China’s
Communist Party has claimed
Bringing Fraud professors Adair Morse and Luigi Zingales its “collective
millions in
royalties
to Light at Chicago and Alexander Dyck at Toronto. wisdom.” China’s
1992 copyright law gives rights
Whistleblowers in 230 Their model: the federal False Claims Act, to a deceased writer’s heirs for 50
corporate fraud cases*
which gives whistleblowers 15% to 30% of years, but when Mao’s daughters,
Employees 19.2% any damages recovered in cases where the Li Min and Li Na, asked for the
royalties, the party refused them.
Media 16.0% government is defrauded. The law should Many Chinese are learn-
cover all corporate fraud, they say, because ing about all this for the first
(l to r) Max Miceli; Lee Snider/The Image Works