How did Twitter prepare for its big IPO? By setting up shop in Ireland, of course. More and more companies are opting to put operations abroad in an effort to defer – and in some cases, avoid altogether – paying tax. Congress tasked the GAO with examining how much this deferral is actually costing taxpayers. The answer was delivered to Congress in a 55 page report.
Sometime tomorrow, I’m pulling the switch and you’ll start to see my new and improved taxgirl site on Forbes. If you just can’t wait, you can check it out here, subscribe to the feed here and follow me on Forbes by clicking here. Of course, don’t forget about my Facebook page and twitter. In terms…
Earlier today, the Government Accountability Office (GAO) released its prepared written testimony before the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate. The five page report (longer if you include title pages and contact information) details the GAO’s findings about the American Recovery and Reinvestment Act of 2009 contract and…
A report by the Government Accountability Office (GAO) has found that there is (gasp) waste in government spending. Over a fifteen month period from 2005 to 2006, the GAO found that nearly 41% of credit card purchases – in the amount of $14 billion – were not billed out according to procedure. For purchases over…
The Government Accountability Office (GAO) has released a study concluding that many companies that contract with the federal government have been avoiding paying taxes. The GAO told a House subcommittee on April 19 that more than 50,000 federal contractors were delinquent with respect to their taxes, including 27,000 Department of Defense contractors, 33,000 civilian agency…