By ELISE CASTELLI, Federal Times
A top Senate Democrat wants government contractors to stop dodging U.S. tax laws by setting up offshore firms in known tax havens.
Sen. Byron Dorgan, D-N.D., said May 7 he will offer an amendment to the fiscal 2008 emergency Defense Department supplemental to restrict any of the supplemental funds from going to firms that set up offshore subsidiaries to avoid paying U.S. taxes.
Houston-based KBR, which holds a multibillion-dollar Army logistics contract, lists its 10,500 employees working in Iraq as employees of two Cayman Island firms that don’t have phone numbers or offices, Dorgan’s statement said. Another logistics and construction firm, IAP Worldwide Services, hires Americans through offshore subsidiaries to avoid paying Social Security taxes, according to the statement. More…
YAY!!!!! -Sue
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