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Blackwater accused of tax evasion.

By Matt Corley  

"Blackwater accused of tax evasion."

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In a letter to Blackwater CEO Erik Prince today, Rep. Henry Waxman (D-CA) says he has obtained documents “which suggest that Blackwater may have engaged in significant tax evasion” by labeling their armed guards “independent contractors.” Due to the label, “Blackwater may have avoided paying millions of dollars in Social Security, Medicare, unemployment, and related taxes for which it is legally responsible,” writes Waxman. DynCorp and Triple Canopy, “the two other major private military contractors providing security services to the State Department in Iraq,” classify their guards as “employees.”

Read the whole letter here.

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