• GLF

House Places Limits on Contracts for Inverted Companies

On Thursday, July 10, 2014, there was a 221-220 vote in the House to amend a spending bill that would begin to curtail the recent trend for companies to reincorporate outside of the U.S. This vote will prevent companies from winning some federal contract, specifically energy and water projects for a period of one year, if the company changes their tax address to Bermuda or the Cayman Islands. Although this action won’t do much to change what companies have already done, it will bring to light the current environment and the imbalance that some federal government contractors may feel against larger foreign organizations that are able to make bolder moves.

#governmentcontracting #federalgovernment #contracts

3 views0 comments


 One Research Court, Suite 450, Rockville, Maryland 20850  | 240.403.4071 p.  | 240.722.0455 f.  


The information contained on this website is not to be construed as legal advice. It is not intended to solicit or form an attorney-client relationship. We do not guarantee any result and prior results do not guarantee a similar outcome. This is an attorney advertisement and this website is for informational purposes only.


  • Twitter App Icon
  • Google+ Social Icon
  • w-facebook
  • LinkedIn Square
Copyright © 2006-2021 The Gibbs Law Firm, LLC. All Rights Reserved. This product is protected by copyright and distributed under licenses restricting copying, distribution and decompilation.