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

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.

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Document Details

Document Type
Technical Report
Publication Date
Apr 15, 2019
Accession Number
AD1157180

Entities

People

  • Rebecca Shea

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Biomedical
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accountability
  • Acquisition
  • Agreements
  • Business Administration
  • Contractors
  • Contracts
  • Corporations
  • Department Of Defense
  • Executives
  • Governments
  • Law
  • National Governments
  • Payment
  • President (United States)
  • Procurement
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Government Contracting/Procurement.