RealNews

House panel votes to block Accenture’s U.S. Visit pact

The House Appropriations Committee voted today to prevent Accenture Ltd. from holding the systems integration contract for the Homeland Security Department’s multibillion-dollar virtual border system because it is based in Bermuda and is a tax exile. The panel cleared an amendment to the DHS’ fiscal 2005 appropriations bill offered by Rep. Rosa DeLauro (D-Conn.) that would bar companies that use loopholes to avoid paying federal taxes from holding homeland security contracts. An Accenture spokesman denied that the company, based in Hamilton, Bermuda, is a tax exile and noted that many steps remain before the provision becomes law. The draft legislation must first be approved by the full House and Senate and receive presidential approval before it becomes law. DeLauro’s amendment reportedly passed on 35 to 16 vote. Full Story

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