Halliburton moving to Dubai [Archive] - RonFez.net Messageboard

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epo

03-11-2007, 12:49 PM

Breaking News ---The Halliburton Corporation is moving it's corporate headquarters to Dubai.  <a href="http://www.washingtonpost.com/wp-dyn/content/article/2007/03/11/AR2007031100822.html">Link to story here.</a>   This is an interesting move from many perspectives, but mainly two things that I can think of:1.  Taxation.  For a corporation like Halliburton, which does the amount of business that they do, they are now moving their corporate tax base to another country.  Do they expect to screw the US Government out of millions in tax revenue?  And do they see this as a sign of the well drying up?2.  Litigation.  With the corporate move, they will certainly be moving their corporate records and the corporate computers with them.  My understanding is that Dubai does not have an extradition agreement with the US government.  Does the Halliburton Corporation see some writing on the wall in terms of federal indictments and see getting out as a way to save their hide?  Very interesting.

Yerdaddy

03-11-2007, 06:52 PM

From there they can teach the Arabs how corruption really works.

Kevin

03-11-2007, 07:06 PM

Yerdaddy wrote: From there they can teach the Arabs how corruption really works. Wait... Thats not where they were from, this whole time??? Sure looked like they were.... Huh, you learn something, everyday.

This message was edited by Kevin on 3-11-07 @ 11:06 PM

hedges

03-11-2007, 07:58 PM

No surprise...check this out,

Altanmia fuel deal: http://www.corpwatch.org/article.php?id=11664

This message was edited by hedges on 3-12-07 @ 12:11 AM

A.J.

03-12-2007, 03:47 AM

Yerdaddy wrote: From there they can teach the Arabs how corruption really works. Like they need the help.

cupcakelove

03-12-2007, 03:57 AM

Wow, talk about a truley patriotic corporation.

cupcakelove

03-12-2007, 04:04 AM

Kevin wrote: Yerdaddy wrote: From there they can teach the Arabs how corruption really works. Wait... Thats not where they were from, this whole time??? Sure looked like they were.... Huh, you learn something, everyday. This message was edited by Kevin on 3-11-07 @ 11:06 PM<img src="http://www.leksikon.org/images/cheney_dick.jpg" border="0" width="200" height="252" />(Said with Nixon's I am not a crook tone) "I am not an Arab"

Dan 'Hampton

03-12-2007, 10:28 AM

cupcakelove wrote: Kevin wrote: Yerdaddy wrote: From there they can teach the Arabs how corruption really works. Wait... Thats not where they were from, this whole time??? Sure looked like they were.... Huh, you learn something, everyday. This message was edited by Kevin on 3-11-07 @ 11:06 PM<img src="http://www.leksikon.org/images/cheney_dick.jpg" border="0" width="200" height="252" />(Said with Nixon's I am not a crook tone) "I am not an Arab" Don't forget that Haliburton has been used by the government since Bill Clinton.

cupcakelove

03-12-2007, 10:41 AM

dschef wrote: cupcakelove wrote: Kevin wrote: Yerdaddy wrote: From there they can teach the Arabs how corruption really works. Wait... Thats not where they were from, this whole time??? Sure looked like they were.... Huh, you learn something, everyday. This message was edited by Kevin on 3-11-07 @ 11:06 PM<img src="http://www.leksikon.org/images/cheney_dick.jpg" border="0" width="200" height="252" />(Said with Nixon's I am not a crook tone) "I am not an Arab" Don't forget that Haliburton has been used by the government since Bill Clinton. And that means what?  Al Gore ran the company until he became VP?  I don't understand what point you're trying to make.

ralphbxny

03-12-2007, 06:26 PM

I hate Haliburton and its owner!

johnniewalker

03-12-2007, 06:52 PM

Fucken sickening.  It should be a no brainer.  They are evading taxes and are now outsourcing our troop support to dubai.   There is no reason to keep them working for our government.  Hilary clinton shouldn't be the only one having to speak up, this is easily the most nonpartisan bs i've seen in a while..

Brad_Rush

03-12-2007, 06:56 PM

johnniewalker wrote: Fucken sickening.  It should be a no brainer.  They are evading taxes and are now outsourcing our troop support to dubai.   There is no reason to keep them working for our government.  Hilary clinton shouldn't be the only one having to speak up, this is easily the most nonpartisan bs i've seen in a while.. God I wish it worked that way...

Recyclerz

03-12-2007, 07:26 PM

As much as I like to take umbrage at corporate malfeasance, there may be less here than meets the eye.  First off, the governmental services unit (KBR - Kellogg, Brown & Root) that is ripping off the taxpayer directly is being spun off as an independant corporation and will remain "American" (for now at least).  Secondly, I think the only taxes they avoid paying in a deal like this is corporate income tax on foreign (non-US) earnings repatriated to the US.  And there was a big one-time tax break for US corporations last year when they could bring "home" all the foreign earnings at the low, low rate of 5%,  (A lot of corps took advantage of this which made the Administration's budget deficits look like they were improving), so there may not be much of a tax break for them left.  Third, the business that they remain in, drilling and running oil rigs, is going to see a lot more work in the next few decades in southwest and, especially, central Asia.  Halliburton probably sees a competitive advantage in not being too American when bidding for that work.As the Great Ron Bennington has told us "It's a Corporate World";  this is just one more manifestation of that truth.