The AP reports this Sunday that Halliburton is moving its corporate headquarters from Houston to Dubai, chief executive Dave Lesar announced Sunday.”
This is of course the same Halliburton that government investigations have determined overcharged and wasted at least $2.7 billion of taxpayer’s money through it’s KBR subsidiary that still “supports” the US military in Iraq, but still made profits of $2.6 billion last year alone.
And this is of course is the same Dubai that the US public and most of the Congress didn’t want managing and operating US ports because of national security concerns.
“I will spend the majority of my time in Dubai" said Lesar.
It should come as a shock to no one that from heron on out the only possible US corporate taxes Halliburton might pay will be confined to the Houston sub-office.
Mr Lesar, his staff and his company may also enjoy another benefit of moving to Dubai-- the US does not have an extradition treaty or a mutual legal assistance treaty with the UAE.
But with Halliburton moving to Dubai, doesn’t that then make it a foreign company and thus subject to concomitant examination and restrictions regarding US tax and tariff codes, and of course government contracts? Or have they found a way to evade that too, as they seem to have everything else?
Subscribe to:
Post Comments (Atom)
6 comments:
OMAN, that is very troubling.
It's really chaps my ass too!
But with Halliburton moving to Dubai, doesn’t that then make it a foreign company and thus subject to concomitant examination and restrictions regarding US tax and tariff codes, and of course government contracts?
Probably would be a good time to scan the Patriot Act to see what other items are hidden in it.
IJ...I've read since in other press that Halliburton will remain a "US" company.
However the AP/Huffpo report I linked to is largely a reprint of a Halliburton press release and I cna;lt think of any reason to view their statments nor the reportrs work as being anything other than simple reporting--not analysis.
Some reporters will ask the right questions--but whether any honest answers will be forthcoming remain to be seen.
Myself, I'm at 'SkeptCon 5'
Why the skepticism? No taxes, no extradition policy, no civil rights, no rights for women. Michael Jackson thought it was the perfect place to emmigrate to after another legal battle. And it was the staging ground for the plot on 9/11.
Oh no, nothing to be concerned about.
Halliburton will not be able to bid on defense contracts any longer. Small price to pay to protect their stock prices, seeing as they are now free to help Iran develop nukes.
Post a Comment