Halliburton Skips Town

“Briefing: Halliburton moving headquarters to Dubai

Bloomberg News, Reuters, The Associated PressPublished: March 11, 2007

DUBAI: Halliburton moving headquarters to Dubai

Halliburton, the oil services company, said Sunday that it would soon move its corporate headquarters here from Houston, according to the chief executive, David Lesar.

Lesar said that he would relocate to Dubai from Texas to oversee Halliburton's intensified focus on business in the Mideast and energy- hungry Asia, home to some of the world's top oil and gas markets.

Lesar's announcement appears to signal one of the highest-profile moves by a U.S. corporate leader to Dubai, an Arab boomtown where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws.

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This is quite reminiscent of those sterling characters who renounced their citizenship for federal tax breaks. If they don't want to be a US corp anymore, fine... but forget the gov't contracts (especially those with any national security implications).”

“Dubai...Dubai...oh yeah I think I remember something about who their senior lobbyist is...

http://www.wsws.org/articles/2006/mar2006/duba-m04.shtml

(LOL) But not a smidgen of comment from the Mainstream press? Wonder why? Maybe the fact that libbies are duplicitious as heck? (LOL)”

“That's fine, Dubai is a good place for the rats to run to.
It looks as though the rats are concentrating in one place.”

“I wonder if the senior (unregistered I might add) lobbyist will take the WIDE HIPPED Rodent from...(gotta check the program guide here...Chicago, Arkansas, Washington...)OH here it is NEW YORK with him?”

“Hey, why not?

Then YOU can turn the whole freakin' place into glass!

And we can all live happily ever after.

THE END”

“March 11, 2007 4:58

Halliburtonomics

Posted by Karen Tumulty

Is this about tax breaks? Getting beyond the reach of congressional subpoenas? And what about all that sensitive information that Halliburton has had access to? At a minimum, reincorporating in Dubai would mean that Halliburton will be paying less taxes to the U.S. Treasury, even as it collects billions from government contracts.

The last paragraph of the FT story begins to answer the questions about Halliburton's, uh, interestingly timed decision to move its corporate headquarters:

"Dubai has long positioned itself as a regional business hub, with a laisser faire attitude to business regulations. The government has launched several free zones allowing foreign firms to circumvent laws barring foreigners owning businesses."

UPDATE: Henry Waxman is likely to hold a hearing on this, an aide tells me.

UPDATE UPDATE: Flounder's comment made me wonder precisely where Halliburton is incorporated now. According to this 2004 GAO report (pdf), the company is incorporated in Delaware, but has (or had at that time) 17 subsidiaries in tax-haven countries. Halliburton says it will remain incorporated in the United States.

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One of the first comments on this piece summed it up nicely: "We just live here."”

“Parasitic Corporitis”

“I guess if we can get a fair tax passed we will see people COMING here for the tax breaks...but then that is too much to ask.”

“OK, and then those corporations wouldn't turn traitor, huh?”

“How many subsidiaries does Halliburton currently have postioned to skirt the sanctions against Iran?

How does this development impact that situation?”

“Is Cheney moving with them?”

“In about two years ----”

“See, there's a silver lining in every cloud.”

“I keep hearing Cheney may have some heart problems....man if they could get a viable candidate in as Veep the last couple of years.....”

“Considering that he would be representative of the administrations policies, wouldn't that just about crucify a "viable" candidate?”

“"I keep hearing Cheney may have some heart problems...."

Yeah, they are still trying to find it.”

“These old 60's hippies are funny.”

“the WIDE HIPPED Rodent from...(gotta check the program guide here...Chicago, Arkansas, Washington...)OH here it is NEW YORK
XL400236
7:33:31 AM

someone should tell xlax that in America, many people do actually relocate to other parts of the country.

probably wouldnt have been a bad idea for his relatives. it would have avoided the mental deficiencies that come with inbreeding... LOL”

“Maybe this will improve their stock performance. I certainly hope so.”

“Yes indeed, they will be able to more efficiently milk the U.S. Treasury.”

“I uh..thought he died.....(LOL)

Marky I am certain they will never be as efficient at Milking the US taxpayer as the Gimmie Generation.”

“Hmmm, that'd be YOUR generation.

My generation changed the world.”

“Let me get this straight, a company that supplies goods and services to a certain region want to be closer to that region? Phucking animals! Where's the rope?”

“Not to worry, Haliburton will maintain a US Office so the Democrats can still issue subpeonas for their litany of investigations...”

“Does Dubai have an extradition treaty with the US?

Didn't think so ---”

“Ah, so!!

Dubai is a perfect place for Cheney to hide out when the subpeonas go down.”

“Tilt, marky mark...they can't have an extradition treaty...Billy Boy is their senior lobbyist you think he would take that chance?”

“Man, where were you guys when Halliburten was getting the bulk of our business through no bid contracts when Klinton was pandering to them?

[hangs head in utter shame]

I'm sorry for the Clinton reference. I should be better than that. 8...(”

“Wow, Willy Jeff still has you guys in his grip!!”

““Wow, Willy Jeff still has you guys in his grip!!”

Or is it just Monica's ears? LOL! No, actually it's his old lady driving me bonkers now days.”

“I can see XL waking up in a cold sweat hollering "CLEEEEEEEN-TON!!!!!"”

“I have a reoccurring nightmare that Hillary and Barac O Bauma are chasing me through the forest with a burning American flag trying to take my bible and my paycheck. [shiver]”

“Nah....but I wonder why you would be downing a cold 40 with a small child napping in the house....

then I found this....

”

“LMAo - boy am I glad I clicked the "ignore off" on XL's most recent post regarding rednecks. Rednecks that duct tape kids to walls so they can "git their '40'" are inherantly republicans. Case in point - Dixie Chick boycotters. Trying to spin this "redneck" stereotype is one of the most laughable/moronic things you've done out of a plethorical cornacopia of spin that you've tried to disseminate here on TT.

Hey, thanks for the entertainment, but you're back on ignore douche tanker. :)
last edited: 3/12/07 9:49:22 PM”

“Bubba Bear and tiltypoo's Master and Chief Money Man, George Soros, now owns much more stock in Halliburton than Cheney.
I wonder if they will now hate Soros with the same passion as Cheney?
Be pretty hypocritical if not, but what else is new with our nutroot moonbats?
[VBG]”

“message from StoveStomper being ignored

....... speaking of rednecks, he's right on cue!”

“Hillary's Boy, right on cue, LOLOLOLOLOLOLOLOL!
last edited: 3/12/07 9:59:36 PM”

“Stovedummy: "Shood I poot a bloo tarp er camo terp on my trailer/house roof fore' dem' surance folk git here?"

Insurance Agent: "note to self - payment denied. If he can read and write, lowball him, and make him wait."

LOLOLOLOLOLOL”

“I think it's so nice Hillary gave you the night off, Bubba.”

“Stove, ya gotta loosen up man. Read Buddha's posts in the voice of Borat. It makes him even funnier.



"My mother, she never love me. (Stifled chuckle) She say she wish she was raped by someone else."”

“ROTFLMAO...thank you Nigal. budda is in the beltway mentality. You never really know if he has a grasp on reality.”

“Buddha Bear, you so mean!”

““ROTFLMAO...thank you Nigal. budda is in the beltway mentality. You never really know if he has a grasp on reality.”

Naw, he just knows what to say and exactly how to say it. But I read everyone's posts in a funny light. Hell, when I read Stovey's posts I read it in Steve Erkal's voice...

”

“"Beltway Mentality"

I suppose that means whatever you want it to mean.”

“LMAO @ Nigal.”

“Well I read yours in the James Earl Jones voice.....”

“Forbes Magazine: Halliburton does business in Dubai to avoid trade laws which prevent nuclear technology going to US foes

Trading with the Enemy
”

“Trading with the enemy??

Just like Dubya's grand pappy trading with the Nazis in '42.”