Guthrie, Susan J.; Hines, James R. Jr. - In: National Tax Journal 64 (2011) 2, pp. 731-51
This paper considers the impact of the tax treatment of military contractors on the cost and timing of U.S. military procurement. Prior to the early 1980s, taxpayers were permitted to defer tax obligations on profits earned from long-term contracts. Legislation passed in 1982, 1986, and 1987...