Ken Uchikura Newsletter Vol. 271 Business Owner’s Responsibility
Feb
7
Business Owner’s Responsibility
Recently, I’ve heard a lot on TV about a party income kickback of the Japanese Liberal Democratic party that was considered a slush fund. I’m not sure what this kickback money is, but is this a tax evasion issue? I believe if a corporation has undeclared income, it results in additional surcharges and fines for tax evasion, and sometimes, there’s even criminal liability, but is the same true for political factions? Is a faction generally a registered entity like a corporation?
Does a faction have a managerial representative? If a company evades taxes, do they punish the accounting person in charge instead of the business owner? I don’t know much about politics, but I’ve noticed that those responsible seem to get away with saying they didn’t know anything.
A business owner’s responsibility is not to say that he or she didn’t know. Instead, a business owner is ultimately responsible for everything that happens in the company, even if they don’t actually know anything about it. Conversely, management can become what Japanese people call “the lizard’s tail”, where they get sacrificed to save the larger group. In particular, they may treat hired business owners as such.
This series of news reports makes me feel that the political world and the business world look similar but are never the same. Politicians collect votes in elections. In business, on the other hand, the votes are product sales. In business, there are many laws to prevent fraud, but in politics, it seems they haven’t established rules to the same extent.
Does a faction have a managerial representative? If a company evades taxes, do they punish the accounting person in charge instead of the business owner? I don’t know much about politics, but I’ve noticed that those responsible seem to get away with saying they didn’t know anything.
A business owner’s responsibility is not to say that he or she didn’t know. Instead, a business owner is ultimately responsible for everything that happens in the company, even if they don’t actually know anything about it. Conversely, management can become what Japanese people call “the lizard’s tail”, where they get sacrificed to save the larger group. In particular, they may treat hired business owners as such.
This series of news reports makes me feel that the political world and the business world look similar but are never the same. Politicians collect votes in elections. In business, on the other hand, the votes are product sales. In business, there are many laws to prevent fraud, but in politics, it seems they haven’t established rules to the same extent.
Kenichi Uchikura
President / CEO
Pacific Software Publishing, Inc.
ken.uchikura@pspinc.com
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