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Entries in offset (5)


Compliance Alert: Another reason life is hard for defense contractors

There are no two ways about it. Indirect offset transactions are burdensome. 

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Bill Steinman: Can you trust your offset advisor? 

Satisfying offset obligations is hard. Readers will recall that offsets are financial obligations imposed on defense contractors by foreign government customers as a condition to defense procurements.  

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Selva Ozelli: IRS joins fight against corruption in offset trade deals

Bill Steinman recently wrote a post for the FCPA Blog about compliance risks in offset obligations. I'd like to continue that discussion, this time with some information about international cooperation to clean up offset transactions, and how the U.S. Internal Revenue Service is playing a role.

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Bill Steinman: Do you know what your offset department is up to? You should

Offset obligations. We love to hate them. While governments champion offset programs as a way to create social and economic benefits from international defense spending, aerospace and defense companies must begrudgingly accept them and then labor tirelessly to fulfill them.

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Resource Alert: Managing compliance risks in defense offsets

According to the Bureau of Industry and Security, U.S. defense firms incurred more than $30 billion in offset obligations over the last ten years. 

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