Bribery: What is it and what's the penalty?

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Yuan notesImage source, STR

Companies based in the UK are forbidden to pay bribes to gain business anywhere in the world - even in areas where these types of deal "sweeteners" are commonplace. It is a criminal offence and a corporate one if a company is found to have failed to prevent bribery. In 2011, the UK government brought in a new bribery act, external, saying it wanted to take a leading role in the global fight against bribery.

How do you define a bribe?

What about corporate "treats"?

Aren't bribes normal in some countries?

What are the penalties?

Any defences against bribery charges?

Any other grey areas?

How does the UK compare with other countries over tackling bribery?