GAO audit-some contractors abuse the system with little or no consequences

[w8liftinglady]

http://www.gao.gov/new.items/d0495.pdf

I wish they would actually name names...instead of case numbers,but you can figure out who's who,i bet.

[indepat]

1. Shocking! Utterly shocking any contractor would abuse the system

considering a high ranking official of DHS warned that anyone getting hurricane aid for which they not entitled faces a ten-year prison sentence and a $250,000 fine. Now if only the same standards were applied to contractors. But there I go dreaming.

[MountainLaurel]

2. Shiiiit

Color me surprised.

Althought I am interested in the fact that this report is about TAX abuses (might want to change your head, w8liftinglady). This is above my head, since I'm lucky if I can understand my own taxes, but I'd be interested to know how they accomplish this fraud: incorporating in the Caymans so that they're not technically a U.S. corp? Posing as a faith-based organization? Funny numbers, a la Arthur Andersen?

[w8liftinglady]

3. some more info

<too late to edit>
top 25 fortune 500 companies with offshore tax havens
http://www.citizenworks.org/corp/tax/top25.php

top 100 corporations with federal contracts/offshore offices
http://www.gao.gov/new.items/d04293.pdf

Many Katrina contractors are on the above lists
http://www.corporatepolicy.org/topics/katrina.htm