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Don't Forget Halliburton moved out of the US in March of 07

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:59 PM
Original message
Don't Forget Halliburton moved out of the US in March of 07
Halliburton Co., currently the largest military contractor in Iraq with billions of dollars in Pentagon contracts, announced Sunday that it was planning to move its CEO and corporate headquarters from Houston to Dubai, the United Arab Emirates.

The move could eventually save the firm a fortune in U.S. taxes, but it is raising serious questions about its priorities and prompting at least one possible congressional hearing.

Dave Lesar, Halliburton's chairman, president and chief executive officer, made the announcement at an energy conference in the Kingdom of Bahrain.>>>>

http://abcnews.go.com/GMA/Politics/story?id=2943017
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TechBear_Seattle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:01 PM
Response to Original message
1. Gotta flee US jurisdiction before the Inauguration n/t
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:03 PM
Response to Reply #1
2. And they are still collecting contracts
Leahy On Halliburton Move: ‘This Is An Insult To The U.S. Soldiers And Taxpayers’»
Yesterday, Halliburton announced that it would be moving its corporate headquarters from Houston to Dubai. Reincorporating in Dubai would mean that Halliburton — which earned $2.3 billion in profits last year — “will be paying less taxes to the U.S. Treasury, even as it collects billions from government contracts.”

House Government Oversight Chairman Henry Waxman (D-CA) said he will soon hold a hearing on the matter to “understand the ramifications for the U.S. taxpayer and national security.” One lobbyist said, “If there’s a huge tax shift, then it’s taking money from U.S. taxpayers while they’re taking no-bid contracts.”

Reacting to Halliburton’s announcement, Senate Judiciary Committee Chairman Patrick Leahy (D-VT) told ABC News it was “an insult to the U.S. soldiers and taxpayers.” Watch ABC’s segment:
http://thinkprogress.org/2007/03/12/leahy-halliburton/
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:13 PM
Response to Original message
3. You don't have to be headquarted in the US to get US government contracts.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:24 PM
Response to Reply #3
4. And your point is?
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:30 PM
Response to Reply #4
5. You first
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:32 PM
Response to Reply #5
6. I agree with Senator Leahy
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:35 PM
Response to Reply #6
7. Neither your post or the article linked in it mentioned anything about Senator Leahy
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:38 PM
Response to Reply #7
8. ?
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:44 PM
Response to Reply #8
9. I looked a couple of times, nothing about him in there.


Don't Forget Halliburton moved out of the US in March of 07

Halliburton Co., currently the largest military contractor in Iraq with billions of dollars in Pentagon contracts, announced Sunday that it was planning to move its CEO and corporate headquarters from Houston to Dubai, the United Arab Emirates.

The move could eventually save the firm a fortune in U.S. taxes, but it is raising serious questions about its priorities and prompting at least one possible congressional hearing.

Dave Lesar, Halliburton's chairman, president and chief executive officer, made the announcement at an energy conference in the Kingdom of Bahrain.>>>>

http://abcnews.go.com/GMA/Politics/story?id=2943017
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:48 PM
Response to Reply #9
10. Good Grief.... no bid contracts and it was in second post
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:49 PM
Response to Reply #10
11. OK, the point of your post was in another post.
:crazy:
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 04:53 PM
Response to Reply #11
12. A Halliburton defender


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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 05:50 PM
Response to Reply #12
13. Didn't defend any company. But I'm sure you point wasn't actually in that post but in another post.

Enjoy your day.
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ileus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 06:08 PM
Response to Original message
14. Next up Exxon
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