Friday, April 25, 2008
Wait! That's Not Fair!
How in the world is your basic government-defrauding contractor supposed to make a living?
- Federal contractors will have to disclose tax violations under a new rule prompted by congressional probes that discovered thousands of companies doing business with the U.S. government owed billions of dollars in back taxes.
- Mr. Coleman said congressional investigators found contractors buying high-end boats, cars and multi-million-dollar homes while owing hundreds of thousands of dollars in back taxes. In 2005, the Government Accountability Office (GAO) found 27,000 contractors who owed $3.3 billion in taxes.
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