Category: Accenture

Communications Tax: Experts Decry New Burden On Industry

In the last few weeks, a proposed communications service tax which sought to tax voice calls, SMS, MMS, Data and Pay TV used by subscribers has dominated the telecommunications space since it was presented as a bill before the national assembly with Nigerians describing it as another way of exploiting… – Continue reading

Proposal Would Block Inverted Companies from Receiving Government Contracts

Corporations that have reclassified themselves as “foreign-owned” received approximately $1 billion in federal contracts over the last five years. These companies profit from American tax dollars despite avoiding U.S. taxes themselves. That could soon change. Two members of Congress have reintroduced legislation that would block these companies from winning lucrative… – Continue reading

Offshore firms still get government contracts

The Treasury Department has spent millions of dollars on federal contracts for companies that have shifted their legal address abroad, even as the Obama administration pushes to rein in the practice. Just last month, Treasury Secretary Jack Lew moved to limit the appeal of those tax deals, known as inversions,… – Continue reading

ObamaCare contract muddles Dem message on tax dodgers

The Obama administration is employing an ObamaCare contractor that was once based in the tax haven of Bermuda, even as it assails corporations for lacking the “economic patriotism” to pay taxes. Accenture was awarded a contract in January that’s now grown to well over $100 million to make improvements to… – Continue reading

Will Offshore Tax Havens Face More Scrutiny in 2014?

The Isle of Man is kind of like the United Kingdom’s version of the Caymen Islands. Technically it’s a crown dependency, and the British government is responsible for its defense and foreign relations. But it’s also completely self-governing with one of the oldest Parliaments in the world. The “island administration,” which… – Continue reading