Haliburton takes the money and runsHaliburton Watch.
The company is relocating its corporate headquarters from Houston to Dubai, which the Associated Press points out has some of the world's most liberal tax and residency laws. Haliburton said its moving because of the growth opportunities in the region and analysts say its smart strategically. The company also is eager to jumpstart is stock price which has barely budged over the past year.
Though the stated reasons are financial, there's obviously a political dimension.
The Democrats who control Congress are going to make Haliburton's life miserable. Last month, federal investigators claimed that Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq, the AP said.
Monday, March 12, 2007
I am Sure This Is Not What It Seems
That they are running to escape U.S. law. I am sure there is a logical business reason like they don't to pay taxes.