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Halliburton Moving HQ To Dubai

Posted by kdawson on from the might-as-well dept.

theodp writes "Much-maligned defense contractor Halliburton is moving its corporate headquarters from Houston to Dubai in the United Arab Emirates. Dubai's friendly tax laws will add to Halliburton's bottom line. Last year the company earned $2.3B in profits. Sen. Patrick Leahy called the company's move 'corporate greed at its worst.' Halliburton, once headed by VP Dick Cheney, has been awarded contracts valued at an estimated $25.7B for its work in Iraq."

3 of 555 comments (clear)

  1. Re:What are they avoiding (besides paying taxes)? by dreamchaser · · Score: 5, Insightful

    I wish the reporting would be more accurate. They stated VERY clearly that they are remaining incorporated in the US and will still be paying US taxes and be subject to US law.

    Ninety percent of their business is in the Middle East and Asia. The move just makes business sense. The only ill effect will be a few hundred jobs in Houston lost; not a good thing for those people but all part of business.

  2. Well now that they're a foreign company... by nixkuroi · · Score: 5, Insightful

    Maybe we should consider rethinking their contracts as we did the Dubai port management deals. Companies that are based outside the US are clearly not as favorable in terms of our security - at least in the eyes of congress.

  3. Re:HEY EVERYBODY by Kpau · · Score: 5, Insightful

    Isn't it fascinating that the vast majority of rightwing bullshit talking points are coming from "Anonymous Cowards"? Maybe we should re-assign that to be "fascist thugs" after Mussolini's little unofficial minions, eh? Halliburton is positioning itself for the incoming civil and criminal actions... they are spinning off all defense "support" contracts into a separate company (collecting all potential loss items into one bag) after already taking the profits. Two headquarters is, as a previous poster stated, inherently absurd unless you're expecting HQ#1 to be zerg'd. The US will be damned lucky if it gets a fraction of the completely missing billions of dollars back after all this is done. What we have here are a few corporations (or actually a very small group of people of whom the Bushes and Cheneys are part) who have manipulated themselves into power, looted the US budget/treasury, damaged the governments ability to conduct oversight, and are now scampering out the door. Worse, they have fooled enough of the social and fiscal conservatives into following them for long enough to pull this scam. At this point, anyone supporting these hooligans are either embarrassed and defensive, have a financial stake in it, ... or roadway gravel stupid. (signed, former republican -- these people make Nixon look saintly)