Accenture (Accenture Ltd) is a management consulting firm, a "spin-off of the former Big Five accounting firm Arthur Andersen". It offers a wide variety of services to its clients including IT, technology, operations, and outsourcing solutions. Accenture "began as the consulting arm (Andersen Consulting) of Chicago-based Andersen Worldwide."
"Previously incorporated in the USA, then in Bermuda, since 1 September 2009 the company has been incorporated in Ireland with its global headquarters there in Dublin."
History and Bermuda tax haven
"According to Securities and Exchange Commission (SEC) filings, Accenture, Ltd. was incorporated in Bermuda in 2001. The company was formerly associated with Arthur Andersen and Andersen Worldwide. Prior to incorporating in Bermuda, Accenture was operating as a series of related partnerships and corporations under the control of its partners through the mechanism of contracts with a Swiss coordinating entity. In April 2001, Accenture's partners voted to pursue an initial public offering. According to the prospectus filed with the SEC, the partners were to generally exchange all of their interests in these partnerships and corporations for Accenture stock."
The company says that it should not be "included on a list of corporate expatriates because it never was a U.S.-based corporation." [But] House Democrats and others who want the existing law changed disagree: "'They are a spinoff of Arthur Andersen,' said Robert Borosage, co-chairman of the Campaign for America's Future, a liberal research and advocacy group. 'Their contracting is significantly done with American companies. If they want to get contracts with the federal government, they ought to pay taxes.'"
Federal contracts received
Between October 1, 2001, and September 30, 2002, Accenture received $662 million in federal contracts, "mostly from the Transportation Security Administration" (TSA), which falls under the Department of Homeland Security headed by Director Tom Ridge.
The TSA awarded Accenture with a contract worth close to $515 million to "handle human resources for the agency's employees, including administering health insurance, life insurance and retirement benefits."
"With about $280 million in federal contract obligations, Accenture was the 58th largest publicly traded federal contractor in fiscal year 2001. Accenture contracted with many departments of the government, but about 43 percent of its contracts were with the Department of Defense. About 98 percent of Accenture's contract dollars are for automatic data processing and telecommunications services and equipment."
Board of Directors:
- William D. Green - Chairman and CEO
- Mark Moody-Stuart - Lead Director
- Dina Dublon - Former Chief Financial Officer, JPMorgan Chase & Co.
- Dennis F. Hightower - (Director since 2003)
- Nobuyuki Idei - (Director since 2006)
- William L. Kimsey - (Director since 2003)
- Robert I. Lipp - (Director since 2001)
- Marjorie Magner - (Director since 2006)
- Blythe J. McGarvie - President, Leadership for International Finance, LLC
- Wulf von Schimmelmann - (Director since 2001)
See list of alliances.
22 Victoria St., Canon's Ct.
Hamilton, HM12, Bermuda
Phone: (441) 296-8262
Fax: (441) 296-4245
1345 Avenue of the Americas
New York, NY 10105
Phone: (917) 452-4400
Fax: (917) 527-9915
Related SourceWatch Resources
- corporate inversion
- Defense contractors
- federal contractors
- Homeland Security contractors
- Jane Hemstritch
- Noel Gordon - banking
- Jonathan D. Salant, Offshore Cos. Make $1B in Deals With U.S., AP, May 26, 2003.
- Dan Ilett, "US Air Force signs $79m deal with Accenture To manage accounting systems...," Silicon.com, March 28, 2006.