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OVERSEAS INTEL

Professional Overseas Contractors - www.Your-POC.com
WASHINGTON — Hundreds of contractors working for America's biggest defense companies are taking on a broader role in helping Iraq's military learn to use new weapons in a growing battle against Islamist insurgents. Over the next few months, the U.S. government is expected to begin sending more than $6 billion in military equipment to Iraq. The latest deal includes 24 Apache attack helicopters made by Boeing Co. and nearly 500 Hellfire missiles produced by Lockheed Martin Corp.

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Professional Overseas Contractors
As the Justice Department winds down its eight-year crusade against Swiss banks selling offshore tax-dodging services to wealthy Americans, the Internal Revenue Service is offering its own parting gift: softer penalties for taxpayers who come out of the woodwork to disclose their secret accounts. Call it the advent of the “I was clueless” defense.

The IRS announced last week it would ease the financial and legal pain for the estimated 6 million expatriate Americans who live and work abroad, many of whom don’t know that they must pay U.S. taxes on their foreign income. People who come forward under an amnesty program to disclose their foreign accounts and settle their U.S. tax bills won’t be charged any penalties and will simply owe back taxes and interest. Previously, they would have owed a penalty of 27.5 percent, computed as a percentage of each undisclosed foreign account.

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Professional Overseas Contractors
DynCorp International (DI), a leading global service provider, has announced a major expansion into the UK. The Company operates globally, providing highly complex logistics, fleet management and through-life supply chain solutions. Based in London, DynCorp International (UK) has been established as a new company pursuing opportunities in Europe and Africa.

Professional Overseas ContractorsAnnouncing the move during a program of launch events in London, the president of DI, Chris Bernhardt, set two priorities for the UK: “First, we already maintain some 200 types of aircraft and 80 types of military vehicles at more than 100 locations around the world, so we will focus on opportunities to use this experience in the UK. Secondly, we will capitalize on our long record of building and operating facilities, both in home base areas and in hazardous locations overseas.”

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