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Re: mide post# 119606

Wednesday, 01/20/2010 10:07:55 PM

Wednesday, January 20, 2010 10:07:55 PM

Post# of 157299
Mide asks:And do you honestly believe it will be enforced?
In Sanswire's case collecting back taxes probably will not be enforced. The government just doesn't have to give them a contract.
Mide asks:And should it be so, what are we talking about in dollars that SNSR is in arrears, that could not be covered in a flash if need be?
The fact that they don't have a product to sell makes it even a stronger case they will never get a government contract even if they pay back taxes.
Mide asks: Follow...and what does a "directive" have as legal clout?
Update from previous post: Obama signed an executive order telling federal agency chiefs to take steps to bar those companies from receiving new government contracts. The order also directed the IRS to review contractor filings to make sure companies are not lying about the taxes they've paid.
http://wbztv.com/national/obama.contractor.tax.2.1437677.html
lt looks like a contractor was already caught.
Obama cited the example of one company owner who was paid more than $1 million as a defense contractor while owing the government more than $1 million in taxes. But instead of paying his taxes, Obama said that individual bought a boat, cars and a home overseas.

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