Political Power May Lead To Lower Taxes For Federal Contractors
It's not what you know, it's who you know. And how you use those relationships to your benefit. That was the underlying theme in a presentation on tax accounting research by Professor Lillian Mills, titled "The Effect of Political Sensitivity and Political Power on Taxes: Evidence from Federal Contractors." Mills gave the presentation Oct. 19 as part of the Faculty Research Presentation Series. Mills' talk was based on a working paper that examines corporate tax payments by federal contractors. She noted that contractors face substantial scrutiny by the media, Congress and regulators, but they also wield political power.