"One useless man is called a disgrace; two useless men are called a law firm; and three or more useless men are a congress" John Adams
As reported in an earlier Daily Mislead,[1] the
Bush administration awarded
a $10 billion Department of Homeland Security
contract to Accenture, a
company that based its headquarters in Bermuda to
avoid paying U.S. taxes.
The move defied the President's promise to make
sure everyone is "paying
their fair share."[2] As if the Administration's
actions weren't enough,
yesterday the White House's Congressional allies
defeated legislation that
would have stopped the contract.
According to the Chicago Tribune, Congress "bowed
to Republican leaders" and
rejected legislation sponsored by Representative
Rosa DeLauro (D-CT) that
would have prevented the contract from moving
forward.[3] Despite proponents
of the bill noting that Accenture "has shrunk its
tax bill by moving its
headquarters to Bermuda,"[4] the White House's
allies defeated the
legislation on a party line vote.
The General Accounting Office has cited Accenture
for using offshore tax
havens.[5] Because of the GAO's report, at least
one state has had the
courage to do what Congress and the White House
refuse to do. In May,
Illinois held up a $2 million state contract[6] to
the company because of
its tax behavior. In its defense, the company
denies getting serious
benefits from moving offshore. But, according to a
June 1 Bloomberg News
report, Accenture's tax liability decreased[7]
while its U.S. earnings
increased in 2002 and 2003.
Sources:
1. "Bush Gives Contract to Tax Traitor/Campaign
Donor ", Misleader.org,
6/02/2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=40902.
2. Presidential Remarks, WhiteHouse.gov, 4/15/2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=40903.
3. "House reverses course, won't bar Accenture
security contract", Chicago
Tribune, 6/17/2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=40904
oll=chi-business-hed.
4. "House votes to allow contract for Accenture",
Chicago Sun-Times,
6/17/2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=40905.
5. "GAO concludes Accenture, others, use tax
havens", Washington Technology,
10/03/2002,
http://daily.misleader.org/ctt.asp?u=2460565&l=40906.
6. "Hynes Blocks Payments To Overseas Company, Asks
For Policy Ruling",
KSDK.com, 5/03/2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=40907.
7. "Contractor vows to continue work on $10 billion
border system",
Government Executive, 6/10/2004,
http://daily.misleader.org/ctt.asp?u=2460565&l=40908
MY ADVICE endeavors at keen.com. The number is 1-800-275-5336 (800-ask-keen) + ext. 0329063 for tech stuff, 0329117 for running a small business, and 0329144 on investing. Want to CHAT, I use Yahoo's IM as the_web_ster. View me in the Friends & Family part of webcamnow.com, just click on "view cams", then in the Java window click on WebcamNow Communities drop down arrow & select Friends & Family. Under the live webcams look for & click on me "the_webster".
send comments via Email to me,