5 Top 100 contractors make Dirty 30 list

Five Washington Technology Top 100 contractors have been singled out for paying more for lobbying Congress than on their federal income taxes, according to a new report.

Computer Science Corp., Verizon Communications, Boeing Co., General Electric Co. and Honeywell International Inc. are all included in U.S. Public Interest Research Group’s “Dirty Thirty” list that call outs Fortune 500 companies that “spend big on lobbying and avoid taxes,” the group said.

All five companies were included on Washington Technology’s 2011 Top 100 Contractor list, and three of the contractors made the top 20.

The report says companies can use loopholes and special provisions in the tax code to pay less. The report looks at the years 2008 to 2010 and found 29 corporations received a net tax rebate during the 3-year study period.

One way corporations can receive a negative or net tax rebate is if they had excess tax deductions or credits in one year and then carried them back to a previous year when they did not enjoy excess deductions, thus producing a refund check, according to the “Representation Without Taxation,” study. Also, a company may not receive tax benefits claimed one year until a later year. 

Computer Science Corp. of Va. ranks #11, Verizon Communications of N.Y. ranks #18, Boeing Co. of Ill. ranks #3, General Electric Co. of Conn. ranks #36, and Honeywell International Inc. of New Jersey ranks #26 on Washington Technology’s 2011 Top 100 list.

Click here for the U.S. PIRG report.

About the Author

Alysha Sideman is the online content producer for Washington Technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.