TITLE

Recent Law Has Impacted Contractor Use of Offshore Subsidiaries to Avoid Certain Payroll Taxes

PUB. DATE
January 2010
SOURCE
GAO Reports;1/26/2010, preceding p1
SOURCE TYPE
Government Document
DOC. TYPE
Article
ABSTRACT
The article presents a report from the U.S. Government Accountability Office (GAO) on the impact of Heroes Earnings Assistance and Relief Tax (HEART) Act on the federal contractor's use of offshore subsidiaries to avoid certain tax liabilities. As stated the report explores the trends and purposes for contractors' offshore subsidiaries and identifies how contractors use subsidiaries to support defense contracts. Recommendations from GAO are also discussed.
ACCESSION #
48056368

 

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