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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 saleenS281 · · Score: 0, Redundant

    Right, and their CEO and other executive staff felt the need to move to dubai which has no extradition policy because of "business reasons".

  2. Re:What are they avoiding (besides paying taxes)? by Hexzero · · Score: 0, Redundant

    Actually, 90% of their business is in Washington, but way to spin in like Cheney does. Contracts do not get awarded in the Middle East, they get inked in DC.

    -Hex

  3. News for nerds ? by Yvanhoe · · Score: 0, Redundant

    As much as I enjoy political troll-flaming, I still wonder what this has to do with "News for nerds, stuff that matters"...

    --
    The Wise adapts himself to the world. The Fool adapts the world to himself. Therefore, all progress depends on the Fool.