Defining the Problem
The Losses Keep Mounting
More than $8.4 billion a year is lost to Construction Industry Tax Fraud! Watch the losses climb, from Jan. 1, 2017 to now.
What Is Construction Industry Tax Fraud?
You pay taxes …
- for good schools, roads and bridges
- to pay for police and fire protection
- to keep your kids safe so they can prosper
- to fight the COVID-19 pandemic
- so Social Security and Medicare will be there when you retire
You pay taxes… why shouldn’t all construction contractors?
It’s an epidemic. Many cheating contractors take work away from honest companies and pad their own pockets by evading their local, state/provincial and federal tax obligations. They fail to properly deduct and pay taxes that you see taken out of every one of your paychecks, nor do they pay workers’ compensation insurance premiums.
It isn’t an accident! Accused law breakers use underhanded schemes, including hiring crooked subcontractors or labor brokers that use shell companies, shady bank accounts and check-cashing stores to pay workers off the books.
Who is getting ripped off? OUR COMMUNITIES! This includes working families, honest businesses, city/state/federal budgets… that means you!
And it is a BIG PROBLEM! Billions of dollars in revenue is lost due to construction industry tax fraud. That is money that can help build schools and reduce class sizes, improve infrastructure, increase funding for first responders, and help veterans without adding anything more to the deficit.
BUT WE CAN DO SOMETHING ABOUT IT! We can Speak Out and Take Action.
Across the United States and Canada, we will be Standing Up to Tax Fraud, April 11 – 16.
Stay informed about plans through this website and by following us on Twitter and Facebook @StopTaxFraud.