IMCA responds to OMSA statement on IRS directive
News - November 5, 2009
Williams: companies need to follow local regulations of all types.
The International Marine Contractors Association (IMCA) has issued a response to statements earlier this week from the Offshore Marine Service Association (OMSA) in the US saying it "applauds" the Internal Revenue Service’s recently posted directive to field officers establishing an issue management team in the wake of an IRS analysis indicating that a significant number of foreign vessels permitted to work in the US offshore oil and gas industry are not complying with US filing requirements.
Hugh Williams, IMCA's executive director, said: ""This is not a new issue, it has been flagged before."
"Our comment is very simple, and comes through in several areas of IMCA's guidelines."
"Companies need to ensure they follow local regulations of all types whether they are related to fiscal matters or to safety issues."
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