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AP IMPACT: An islands tax haven for US defense contractor

                   
wtop.com
May 7, 2008
        
Story Timeline:  158 days

Close Brothers (Cayman) Limited has its offices in Harbour Place in George Town, Grand Cayman, seen Saturday, May 3, 2008. The investment house, records show, serves as a shallow footprint in the Caymans for the subsidiary of Combat Support Associates, CSA Ltd., which was... [read full story]                    

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Contractors' offshore tax havens under more scrutiny

 govexec.com May 8, 2008
First article on this story:

AP IMPACT: An islands tax haven for US defense contractor

 tmcnet.com May 7, 2008
Selected publications with coverage of this story:
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Contractors' offshore tax havens under more scrutiny

govexec.com
May 8, 2008
        

House Dems urge Treasury secretary to back legislation requiring overseas subsidiaries of U.S. contractors to be treated as American employers for the purpose of payroll taxes. ... A group of House Democrats Thursday wrote to Treasury Secretary Henry Paulson asking him to...

Big Business: regulations needed

leisureguy.wordpress.com
May 8, 2008
        

Look at this story in ThinkProgress: The Boston Globe has recently revealed that two Defense Department contractors operating in Iraq — KBR and MPRI — have avoided paying hundreds of millions of dollars in federal Social Security and Medicare taxes by hiring its employees through “shell...

Cayman Islands Subsidiary Allows Pentagon Contractor Assisting War In Iraq To Avoid Millions In...

thinkprogress.org
May 8, 2008
        

The Boston Globe has recently revealed that two Defense Department contractors operating in Iraq — KBR and MPRI — have avoided paying hundreds of millions of dollars in federal Social Security and Medicare taxes by hiring its employees through “shell companies” based in Bermuda and the Cayman...

Islands provide tax haven for U.S. defense contractors; Congress may close loophole

semissourian.com
May 8, 2008
        

WASHINGTON — When the Pentagon announced an obscure California company had won a lucrative military contract, no one mentioned any plans for a Caribbean outpost — a tropical shell the company quickly created that allowed it to duck millions in taxes and deflect U.S. lawsuits.

US defense contractor ducking out of taxes

nashuatelegraph.com
May 8, 2008
        

WASHINGTON -- When the Pentagon announced an obscure California company had won a lucrative military contract, no one mentioned any plans for a Caribbean outpost -- a tropical shell the company quickly created that allowed it to duck millions in taxes and deflect U.S. lawsuits. ... - By RICHARD...

Contractors' offshore tax shield targeted

delawareonline.com
May 8, 2008
        

WASHINGTON -- When the Pentagon announced an obscure California company had won a lucrative military contract, no one mentioned any plans for a Caribbean outpost -- a tropical shell the company quickly created that allowed it to duck millions in... ... Government losing...

: Congress aims to close loophole that allows tax havens for military contractors

freerepublic.com
May 8, 2008
        

WASHINGTON (AP) -- When the Pentagon announced an obscure California company had won a lucrative military contract, no one mentioned any plans for a Caribbean outpost -- a tropical shell the company quickly created that allowed it to duck millions in taxes and deflect U.S. lawsuits. It's legal,...

theeagle.com: The Eagle - Your digital news leader theeagle.com

U.S. firms duck taxes overseas, inquiry shows

theeagle.com
May 8, 2008
        

By RICHARD LARDNER Associated Press WASHINGTON -- When the Pentagon announced that an obscure California company had won a lucrative militar ... ... By RICHARD LARDNER Associated Press WASHINGTON -- The subsidiary, CSA Ltd., now employs about 2,000 American citizens in...

                   

Tax havens for U.S. contractors may end

msn.com
May 8, 2008
        

Contractors large and small have been heading offshore to shield piles of taxpayer dollars, according to an Associated Press investigation, but irate lawmakers are thundering that they'll put an end to it. ... Close Brothers has its offices in the Cayman Islands. The...

                   

Defense industry tax havens under fire

msn.com
May 8, 2008
        

Contractors large and small have been heading offshore to shield piles of taxpayer dollars, according to an Associated Press investigation, but irate lawmakers are thundering that they'll put an end to it. ... Close Brothers has its offices in the Cayman Islands. The...

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