Kelly Services Hails U.S. House Passage of SUTA Dumping Prevention Act
14 Luglio 2004 - 9:03PM
PR Newswire (US)
Kelly Services Hails U.S. House Passage of SUTA Dumping Prevention
Act TROY, Mich., July 14 /PRNewswire-FirstCall/ -- Kelly Services,
Inc. applauds today's vote by the U.S. House of Representatives to
ban the use of tax schemes by companies to avoid paying their fair
share of unemployment insurance taxes. With bipartisan support, the
House passed H.R. 3463, the SUTA Dumping Prevention Act. The bill
now moves to the U.S. Senate for consideration. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO ) SUTA
dumping occurs when employers take steps to disguise their true
unemployment experience for the purpose of evading unemployment
insurance taxes. Most frequently, it involves the use of
questionable merger, acquisition or restructuring schemes to
manipulate unemployment insurance tax rates. The SUTA bill would
require each state to enact conforming legislation that would
prevent corporations from engaging in this deceptive practice,
develop detection tools, and enforce the law. It also imposes
penalties on violators and promoters. Kelly Services has been
actively leading an effort to bring this issue to the attention of
policy makers. "This legislation will stop the documented abuse of
the system by some employers, restore fairness, and benefit
workers, states and ethical employers alike," said Carl Camden,
president, Kelly Services. SUTA dumping schemes have been promoted
for years by accounting firms and other unemployment compensation
consultants. In testimony to the U.S. House Ways and Means
Committee, the U.S. Department of Labor indicated the practice
could be costing state insurance trust funds billions of dollars.
SUTA dumping reduces state trust fund receipts and shifts a
disproportionate share of the unemployment compensation tax burden
to more ethical employers. Rep. Wally Herger (R-California), who
sponsored the House bill, said, "Not only will the bill bring a
halt to the fraudulent and abusive practice of SUTA dumping, it
will help strengthen the nation's unemployment compensation system
by requiring businesses that are shirking their tax
responsibilities to pay up. When businesses wrongly minimize or
even avoid paying their proper share of state unemployment taxes,
they undermine the nation's unemployment benefit system." "Kelly
congratulates the U.S. House for bringing this solution forward on
a bipartisan basis today," said Camden. "We now call on the Senate
to act quickly to end this unethical practice." About Kelly
Services Kelly Services, Inc. (NASDAQ:KELYANASDAQ:KELYB) is a
Fortune 500 company headquartered in Troy, Mich., offering staffing
solutions that include temporary services, staff leasing,
outsourcing, vendor on-site and full-time placement. Kelly serves
200,000 customers through 2,500 company owned and operated offices
in 26 countries. Kelly provides employment for nearly 700,000
employees annually, with skills including office services,
accounting, engineering, information technology, law, science,
marketing, light industrial, education, health care and home care.
Revenue in 2003 was $4.3 billion. Visit
http://www.kellyservices.com/ .
http://www.newscom.com/cgi-bin/prnh/19991208/KELLYLOGO DATASOURCE:
Kelly Services, Inc. CONTACT: Bob Doetsch of Kelly Services, Inc.,
+1-248-244-5362 Web site: http://www.kellyservices.com/
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