The Resource Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees
Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees
Resource Information
The item Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Biddle Law Library - University of Pennsylvania Law School.This item is available to borrow from 1 library branch.
Resource Information
The item Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Biddle Law Library - University of Pennsylvania Law School.
This item is available to borrow from 1 library branch.
- Summary
- Many federal contractors establish offshore subsidiaries to take advantage of labor and market conditions. GAO has found that they also use offshore subsidiaries to reduce their U.S. tax burdens. In 2008, Congress passed the Heroes Earnings Assistance and Relief Tax (HEART) Act which resulted in contractor offshore subsidiaries paying certain payroll taxes for U.S. personnel working abroad. Fiscal year 2009's National Defense Authorization Act required GAO to report on the rationales, implications, and costs and benefits of defense contractors' use of offshore subsidiaries. We (1) assessed trends and purposes for contractors' offshore subsidiaries; (2) identified how contractors use subsidiaries to support defense contracts; (3) assessed DOD's oversight of contractors' use of offshore subsidiaries. To conduct our work, we reviewed data for the 29 U.S. publicly traded contractors with at least $1 billion in DOD spending in fiscal year 2008, reviewed several illustrative contracts selected based on categories of DOD services most often performed overseas, reviewed audit documents, and interviewed DOD officials about oversight. Congress should consider whether further legislative action is needed to address contractor avoidance of unemployment taxes for U.S. workers
- Language
- eng
- Extent
- 1 online resource (iii, 23 pages)
- Note
- "GAO-10-327."
- Label
- Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees
- Title
- Defense contracting
- Title remainder
- recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees
- Title variation
- Recent law has impacted contractor use of offshore subsidiaries to avoid payroll taxes
- Language
- eng
- Summary
- Many federal contractors establish offshore subsidiaries to take advantage of labor and market conditions. GAO has found that they also use offshore subsidiaries to reduce their U.S. tax burdens. In 2008, Congress passed the Heroes Earnings Assistance and Relief Tax (HEART) Act which resulted in contractor offshore subsidiaries paying certain payroll taxes for U.S. personnel working abroad. Fiscal year 2009's National Defense Authorization Act required GAO to report on the rationales, implications, and costs and benefits of defense contractors' use of offshore subsidiaries. We (1) assessed trends and purposes for contractors' offshore subsidiaries; (2) identified how contractors use subsidiaries to support defense contracts; (3) assessed DOD's oversight of contractors' use of offshore subsidiaries. To conduct our work, we reviewed data for the 29 U.S. publicly traded contractors with at least $1 billion in DOD spending in fiscal year 2008, reviewed several illustrative contracts selected based on categories of DOD services most often performed overseas, reviewed audit documents, and interviewed DOD officials about oversight. Congress should consider whether further legislative action is needed to address contractor avoidance of unemployment taxes for U.S. workers
- Cataloging source
- DID
- Government publication
- federal national government publication
- Illustrations
- illustrations
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://bibfra.me/vocab/lite/organizationName
- United States
- http://library.link/vocab/subjectName
-
- Defense contracts
- Offshore outsourcing
- Public contracts
- Taxation
- Payrolls
- Unemployment insurance
- Government contractors
- Label
- Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees
- Note
- "GAO-10-327."
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- mixed
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Dimensions
- unknown
- Extent
- 1 online resource (iii, 23 pages)
- Form of item
- electronic
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- Specific material designation
- remote
- Label
- Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees
- Note
- "GAO-10-327."
- Bibliography note
- Includes bibliographical references
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- mixed
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Dimensions
- unknown
- Extent
- 1 online resource (iii, 23 pages)
- Form of item
- electronic
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other physical details
- illustrations
- Specific material designation
- remote
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.law.upenn.edu/portal/Defense-contracting--recent-law-has-impacted/FY0_SMyB6RU/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.law.upenn.edu/portal/Defense-contracting--recent-law-has-impacted/FY0_SMyB6RU/">Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.law.upenn.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.law.upenn.edu/">Biddle Law Library - University of Pennsylvania Law School</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.law.upenn.edu/portal/Defense-contracting--recent-law-has-impacted/FY0_SMyB6RU/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.law.upenn.edu/portal/Defense-contracting--recent-law-has-impacted/FY0_SMyB6RU/">Defense contracting : recent law has impacted contractor use of offshore subsidiaries to avoid certain payroll taxes : report to congressional committees</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.law.upenn.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.law.upenn.edu/">Biddle Law Library - University of Pennsylvania Law School</a></span></span></span></span></div>
