The Contracting Education Academy

Contracting Academy Logo
  • Home
  • Training & Education
  • Services
  • Contact Us
You are here: Home / Archives for tax evasion

January 6, 2015 By AMK

Business cleared for DHS contract despite engaging in corporate tax evasion

In August, President Barack Obama pledged to use the powers of his office to discourage the corporate tax-avoidance technique known as inversion, in which U.S. companies claim foreign tax addresses.

DHS logoFour months earlier, according to a previously unreported legal document, his Department of Homeland Security did just the opposite. It decided that it was fine to do business with Ingersoll-Rand Plc even though a 2002 law bars the department from awarding contracts to inverted companies.

Ingersoll-Rand, a major manufacturer, helped inspire the ban by shifting its legal address from New Jersey to Bermuda in 2001. It took an Irish address in 2009. The offshore domiciles cut its effective tax rate by about half.

“I’m flabbergasted,” said Rebecca Wilkins, a senior counsel at Citizens for Tax Justice, a Washington-based group that supports limits on inversions. “I don’t know how they could possibly pretend not to be an inverted company.”

Keep reading this article at: http://www.bloomberg.com/news/2014-12-22/ingersoll-rand-cleared-for-federal-contracts-despite-inversion.html

Filed Under: Government Contracting News Tagged With: DHS, inversion, tax evasion

July 21, 2014 By AMK

Disgraced Congressman Randy ‘Duke’ Cunningham is a free man again

A federal judge says it is time to forgive Randy “Duke” Cunningham, the most corrupt member of Congress ever if measured by the amount of bribes he admitted accepting.

U.S. District Judge Larry Alan Burns has granted Cunningham’s request to have his post-prison supervision ended early, writing a final legal chapter on the sordid tale of the flamboyant ace fighter pilot who went to Congress as a hero in 1991 and left in 2005 as a disgraced felon.

The California Republican spent more than seven years in prison after pleading guilty in November 2005 to charges of tax evasion and conspiracy to commit bribery, mail fraud, and wire fraud. Cunningham, who was 64 when he was sentenced in March 2006, had used his positions on the House Appropriations and Intelligence committees to steer lucrative contracts to those who would help him finance an extravagant lifestyle featuring 19th-century French antiques, yachts, Persian rugs, hunting trips, a Rolls Royce, and a $2.55 million home in an exclusive community in San Diego County.

It all unraveled in 2005 when The San Diego Union-Tribune wrote about the corruption, triggering a federal probe that found, among many other things, that Cunningham had drawn up a “bribe menu” on congressional notepaper, outlining what bribes he would need to deliver a contract or earmark.

Keep reading this article at: http://www.govexec.com/oversight/2014/07/disgraced-congressman-randy-duke-cunningham-free-man-again/88513/

Filed Under: Government Contracting News Tagged With: bribery, Congress, fraud, mail fraud, tax evasion, wire fraud

  • « Previous Page
  • 1
  • 2

Popular Topics

abuse acquisition reform acquisition strategy acquisition training acquisition workforce Air Force Army AT&L bid protest budget budget cuts competition cybersecurity DAU DFARS DHS DoD DOJ FAR fraud GAO Georgia Tech GSA GSA Schedule GSA Schedules IG industrial base information technology innovation IT Justice Dept. Navy NDAA OFPP OMB OTA Pentagon procurement reform protest SBA sequestration small business spending technology VA
Contracting Academy Logo
75 Fifth Street, NW, Suite 300
Atlanta, GA 30308
info@ContractingAcademy.gatech.edu
Phone: 404-894-6109
Fax: 404-410-6885

RSS Twitter

Search this Website

Copyright © 2023 · Georgia Tech - Enterprise Innovation Institute