financial transaction conducted on a personal, nonbusinesslike basis, as lending or borrowing of corporate money by a director.
The tax on self-dealing is imposed for each year or part of a year within the taxable period.
Patrimonial capitalism's legacy is that many people see reform as a euphemism for corruption and self-dealing.
There was no indication on either return that any self-dealing act had occurred.
However, the tax will be imposed only if the government official knows that the act is an act of self-dealing.