Halliburton Moving to Dubai!!!!

Can you believe this crap?
Thanks for the billions contract to rebuild Iraq, but we'd like to pay our taxes to a Middle Eastern regime instead, thank you very much..... Screw you Uncle Sam!

My new favorite presidential candidate? Whomever decides to pull the plug on Halliburton and farm the job out to a combination of other firms.

Maybe they can have a party with other Dubai refugees, like Micheal Jackson....

money.cnn.com...

I hear you Gazrok, these guys are scum. Not only do they overcharge for their services, they don't want to pay taxes on the billions they make. They will probably also use this location to defy more sanctions from the US as well.

I posted this earlier in this thread.

Originally posted by Hal9000

1997
Even with the Iran-Libya Sanctions Act in place, Halliburton continues to operate in Iran. It pays the Department of Commerce $15,000 to settle allegations that the company has broken anti-boycott provisions of the U.S. Export Administration Act for an Iran-related transaction, without admitting wrongdoing.13 Halliburton also continues to do business in Libya throughout Cheney's tenure.

2002
July/August: It is revealed that while Vice President Cheney was Halliburton's CEO, the number of its subsidiary companies in offshore tax havens increased from 9 (in 1995) to 44 (in 1999). One of these subsidiaries (Halliburton Products and Services Ltd.), incorporated in the Caiman Islands, is used since 2000 to get around sanctions on doing business in Iran.41 At the same time, Halliburton's federal taxes dropped dramatically from $302 million in 1998 to an $85 million rebate in 1999. 42

www.halliburtonwatch.org...

This shouldn't be a surprise to anyone. The company received stacks of enormous contracts from the currenat administration without any competitive process, has had overruns and allegations of bogus charges to the government and then the Democrats take over Congress. They know the jig is up and they're making a run for it to protect themselves from being taxed (God forbid they pay taxes on the money they made from the US) and from any sort of criminal charges. But I'm sure the people who facilitated those contracts have already banked their kick-backs and couldn't be happier. Another day in politics.

First off- those that complain that Halliburton got contracts without competition- what other companies would be competing with them for the sort of work that they do? If there aren't other businesses that do a certain task, then it's awfully hard to have anyone to compete with.

Secondly, no mention was made of this point from the above article-

"The company as a whole has continued to diversify internationally, and the Middle East is a point that they have targeted," said William Sanchez, a U.S.-based analyst at Howard Weil.

"They are being opportunistic in putting the CEO in the middle of the action."

Sanchez said he believed Halliburton's move to Dubai was not tax related. Instead he viewed it as a strategic play.

Alan Laws, an analyst at Merrill Lynch, said the move would likely help Halliburton's position in negotiating large contracts.

Halliburton said it would maintain its legal registration in the United States and was not leaving Houston, where it was currently based.

But Lesar told reporters: "At this point in time we clearly see there are greater opportunities in the eastern hemisphere than the western hemisphere."

Originally posted by BlueRaja
First off- those that complain that Halliburton got contracts without competition- what other companies would be competing with them for the sort of work that they do? If there aren't other businesses that do a certain task, then it's awfully hard to have anyone to compete with.

Is it really so hard to find another company that can overcharge us to deliver gas, water and food? What was it, $1600 a gallon for gasoline ...or was that the water bill?

"The company as a whole has continued to diversify internationally, and the Middle East is a point that they have targeted," said William Sanchez, a U.S.-based analyst at Howard Weil.

Translation: We want to plunder most of the middle east before radiation sickness forces up our labor costs.

"They are being opportunistic in putting the CEO in the middle of the action."

Translation: We don't expect they'll try to deliver subpoenas in a war zone.

Sanchez said he believed Halliburton's move to Dubai was not tax related. Instead he viewed it as a strategic play.

Translation: Halliburton's move to Dubai is tax related.

Alan Laws, an analyst at Merrill Lynch, said the move would likely help Halliburton's position in negotiating large contracts.

Translation: Being so close to the troops we'll be able to just point to which countries we'd like invaded.

Halliburton said it would maintain its legal registration in the United States and was not leaving Houston, where it was currently based.

Translation: You can send our mail to Houston. Haha.

But Lesar told reporters: "At this point in time we clearly see there are greater opportunities in the eastern hemisphere than the western hemisphere."

Translation: The word is in from Dick. Iran will be a smoking crater by Easter and we can name our price to rebuild it.

Translation- in my opinion...........