USAID tags BearingPoint for tax reform work in Bosnia

BearingPoint Inc. won two, four-year contracts totaling $19.6 million from the U.S. Agency for International Development to support government reform projects in Bosnia-Herzegovina.

Under a $12 million contract, BearingPoint will work alongside government agencies in Bosnia-Herzegovina to make the workforce more mobile and, at the same time, introduce flexible and diverse forms of labor relations and agreements.

The southern European nation has a major initiative under way through which it seeks to reduce barriers to labor availability in order to ease economic pressure on small and medium-sized businesses. The initiative also includes an effort to improve inspection capabilities to achieve more effective compliance and enforcement of labor obligations and policies.

Under a $7.6 million contract, BearingPoint will help government officials in Bosnia-Herzegovina finish their tax restructuring initiative. The project's aim is to craft a modern framework for direct taxation that includes corporate and personal income taxes and market value-based real estate taxation.

To help the nation put in place sustainable tax policies, the company will help government officials create and reform corporate, personal and real estate tax systems in ways that will generate substantial government revenue.

BearingPoint of McLean, Va., ranks No. 23 on Washington Technology's 2006 Top 100 list the largest federal IT contractors.