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Friday, March 07, 2008

in answering a comment

cv rick made to one of my postings yesterday, i said i heard a story on npr on my way home from work. it was about kbr (yes, the former halliburton kbr) and how they avoid paying taxes and social security on the THOUSANDS of people they hire. npr said they got the story from the boston globe. here are both stories. NOTE: it's NOT illegal BUT IT'S F**KING DIRTY
Top Iraq contractor skirts US taxes offshore
Shell companies in Cayman Islands allow KBR to avoid Medicare, Social Security deductions

By Farah Stockman
CAYMAN ISLANDS - Kellogg Brown & Root, the nation's top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of millions of dollars in federal Medicare and Social Security taxes by hiring workers through shell companies based in this tropical tax haven. More than 21,000 people working for KBR in Iraq - including about 10,500 Americans - are listed as employees of two companies that exist in a computer file on the fourth floor of a building on a palm-studded boulevard here in the Caribbean. Neither company has an office or phone number in the Cayman Islands.
The Defense Department has known since at least 2004 that KBR was avoiding taxes by declaring its American workers as employees of Cayman Islands shell companies, and officials said the move allowed KBR to perform the work more cheaply, saving Defense dollars........


Major Iraqi Contractor Doesn't Pay Taxes

audio link at the above

4 comments:

Anonymous said...

When I own a major mercenary firm I'm going to headquarter in the Sudan and pay taxes to no one and I'll foment insurrections and wars around the globe, hire out to assassinate democratically elected leaders and violate every U.S. law there is.

And I'll still get tens of billions of dollars in U.S. contracts.

Unknown said...

yup you will. billions and the admiration and respect of all those who defended our gulf coast from the invasion of vietnamese 30 some odd years ago

Anonymous said...

they're my fans.

Unknown said...

YOU served. most of THEM didn't (in all fairness i didn't either)