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

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
Creator
Subject
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
Instantiates
Publication
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
Publication
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

Library Locations

    • Biddle Law LibraryBorrow it
      3400 Chestnut Street, Philadelphia, Pennsylvania, 19104, US
      39.954941 -75.193362
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