The Resource Defense Contracting: Recent Law Has Impacted Contractor Use of Offshore Subsidiaries to Avoid Certain Payroll Taxes

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

Label
Defense Contracting: Recent Law Has Impacted Contractor Use of Offshore Subsidiaries to Avoid Certain Payroll Taxes
Title
Defense Contracting: Recent Law Has Impacted Contractor Use of Offshore Subsidiaries to Avoid Certain Payroll Taxes
Contributor
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. GAO did the following: (1) assessed trends and purposes for contractors' offshore subsidiaries; (2) identified how contractors use subsidiaries to support defense contracts; and (3) assessed DoD's oversight of contractors' use of offshore subsidiaries. To conduct its work, GAO 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
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Needham, John K
  • Shachoy, Amelia
  • Russell, W. W
  • Dougherty, Jennifer
  • Gruenwald, Emily
  • Ballenger, Ami
  • Bleicher, Noah
  • Patton, Ken
  • Neill, Susan
  • GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC
http://library.link/vocab/subjectName
  • Overseas
  • Salaries
  • Taxes
  • Department of defense
  • Legislation
  • Contractors
  • Corporations
  • Economics and cost analysis
  • Military forces and organizations
  • Auditing
  • Offshore
  • Utilization
  • Contracted services
  • Costs
  • Contracts
  • Personnel
Target audience
adult
Label
Defense Contracting: Recent Law Has Impacted Contractor Use of Offshore Subsidiaries to Avoid Certain Payroll Taxes
Instantiates
Publication
Note
Congressional rept
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
23 x 29 cm
Extent
30 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)610001179
  • (OCoLC)ocn610001179
Label
Defense Contracting: Recent Law Has Impacted Contractor Use of Offshore Subsidiaries to Avoid Certain Payroll Taxes
Publication
Note
Congressional rept
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
23 x 29 cm
Extent
30 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)610001179
  • (OCoLC)ocn610001179

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