A growing number of construction subcontractors are cheating on taxes. Many utilize labor brokers and operate in an underground economy. They pay their employees off the books or wrongly classify them as independent contractors. $8.4 billion is lost each year to construction industry tax fraud. It’s intentional and it needs to stop.
$8.4 billion dollars are lost each year to construction industry tax fraud.
of voters favor increasing fines & penalties for employee misclassification.
$552 million dollars are lost in state tax revenues yearly.
solutions & ways to curb the problem.
The Tax Fraud Business Model
Some developers and contractors commit tax fraud and get away with it by insulating themselves with layers of subcontractors. Learn more about the Tax Fraud Business Model here.
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