Aerospace & Defense Tax Alerts
These tax alerts highlight selected developments involving Aerospace and Defense sector
Aerospace & Defense Tax Alert: Government Withholding Tax Update--Section 3402(t)
Section 3402(t) and Final Regulations extend effective date to payments made after December 31, 2012.
New U.S. Excise Tax Hits Foreign Contractors – Code Section 5000C
A new excise tax, resulting from the Health and Compensation Act of 2010, should be of particular interest to defense contractors and other providers of goods and services to the U.S. government, as the 2% excise tax has the potential to impact a government contractor’s margins.