Summary

Portrait of Barack Obama Barack Obama Memorandum of January 20, 2010…

Addressing Tax Delinquency by Government Contractors
The Federal Government pays more than half a trillion dollars a year to contractors and has an important obligation to protect American taxpayer money and the integrity of the Federal acquisition process. Yet reports by the Government Accountability Office (GAO) state that Federal contracts are awarded to tens of thousands of companies with serious tax delinquencies. The total amount in unpaid taxes owed by these contracting companies is estimated to be more than $5 billion.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature