FAR Finalizes Rule Barring Awards To Tax-Fleeing Contractors

Law360, New York (January 29, 2013, 8:21 PM EST) -- The Federal Acquisition Regulatory Council finalized an interim rule Tuesday prohibiting the award of government contracts to any business that used to be incorporated in the U.S. but relocated overseas to avoid U.S. taxes.

The FAR Council, made up of the U.S. Department of Defense, the U.S. General Services Administration and NASA, said that it would make no changes to the rule, which implements a section of the Consolidated Appropriations Act of 2012. That law forbade the award of contracts to any foreign incorporated entity that...
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