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Accession Number:

AD1157180

Title:

Federal Contracting: Opportunities to Improve Compliance with Regulations and Enhance Tax Collections

Author(s):

Author Organization(s):

Report Date:

2019-04-15

Abstract:

The federal government obligated approximately $507 billion on contracts in fiscal year 2017. Businesses, including federal contractors, pay billions of dollars in taxes each year. Some businesses, however, do not pay owed taxes, contributing to what is known as the tax gap. Federal contractors owe some of the taxes that contribute to the tax gap, and, since 2015, federal law prohibits agencies, under certain circumstances, from using appropriated funds to contract with those who have qualifying tax debt.

Pages:

67

File Size:

3.82MB

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Distribution Statement:

Approved For Public Release

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