Business Services Industry
Senator targets contractor "tax deadbeats".
Set-Aside Alert, March, 2006
"Thousands of GSA contractors abused the federal tax system with little consequence," the Government Accountability Office charged.
The auditors found about 10% of GSA contractors owe back taxes totaling $1.4 billion.
Testifying at the third hearing on the subject by the Senate's Permanent Subcommittee on Investigations, GAO officials suggested contractors be required to give GSA permission to check to see whether they owed back traces. Contracting officers do not have access to the IRS's tax data because of federal privacy laws.
The subcommittee chairman, Sen. Norm Coleman (R-MN), suggested some of the stories unearthed by GAO could make a reality TV show called "Lives of the Rich and Famous Tax Deadbeats."
GAO said it investigated...
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