Halliburton is moving to Dubai....

[Hieronymus]

http://news.bbc.co.uk/2/hi/business/6440365.stm

[stellanoir]

1. Take the $$$$$$$$$$$$$ and RUN !!!

[Sal Minella]

5. And take Malignant Dick with you.

[Karenina]

38. HAS MOVED! This is old news.

Cheney has long since offshored the money he's stolen...

[peacetalksforall]

2. Protection from a trillion in law suits. Hope it's warm enough for them.

[Greyskye]

3. Follow the money

Halliburton, the oil services company formerly headed by US Vice-President Dick Cheney, is moving its headquarters from Texas to Dubai.

The fat lady is warming up, and the writing is on the wall. They know that their ascendancy in the United States could be nearing the end, and are getting their headquarters off of U.S. soil asap. They have an obligation to protect their bottom line after all, and Halliburton can see those juicy tax breaks that they currently have going away very soon now...

[CherokeeDem]

4. Anyone Know the Extradition Laws in Dubai?

Take the money and don't go to jail. Wouldn't surprise me...

[stellanoir]

14. Tax shelter and zilch when it comes to extradition.

Just like Paraguay or so I've heard.

[Old and In the Way]

6. I'm sure we can expect Dick Cheney to follow.

Halliburton will happily build Dick his own gated community and, together, they can count their ill-gotten profits in privacy.

[rocktivity]

7. They do no more business with the U.S., then.

And I understand that there a matter of outstanding payroll taxes?

:headbang:
rocknation

[JDPriestly]

8. And taking our military know-how with it.

There goes the American domination of the world, folks. It's the end. It's finished. It's done.

As a nation, we are about to close the circle and return to the simple life of a people who are not only self-governing, but self-sufficient. In a few years, we will not longer be able to bully the people of the "underdeveloped world" into working as virtual slaves to produce appliances, food, raw materials, etc. so that we can live the good life. Sorry, guys, but this is how history works.

We recently watched an interesting movie entitled "Live-In Maid." It is about the relationship between an Argentinian middle-class divorcee/would-be businesswoman and her maid of 30 years during the economic crisis that occurred in 2001. It is depressing at first, but really worth watching. The story is very timely.

[peacetalksforall]

9. Will Hal partner in owning our ports?

Is this all a big circle? Hal-Airbus-McCain-Dubai-France and several other Euro countries?

[RB TexLa]

16. That's a right wing talking point. DP World was never going to "own" any ports

they were going to operate the ports. That was repeated to scare people that "dirty arabs" were going to own something here in Merica.

[CJCRANE]

21. It's the Repubs own fault.

They try to have it both ways - telling their base to be terrified of muslims and arabs while at the same time doing billon-dollar business with islamic arab countries.

[Dont_Bogart_the_Pretzel]

10. I wonder

just how many/more people (Texans) will be out of work?

[Amonester]

11. when mc$ameasbu$h will bomb bomb bomb i ran...

their under-sand bunkers will be ready to shelter their lung$ from the radioactive fallout?

maybe they didn't "pRedic-k" that as well...

[williesgirl]

12. And every contract with them should be cancelled now. Freeze their assets so there's money in the

US to cover the lawsuits to follow. No tax deductions or credits for companies headquartered on foreign soil. rec'd

[Poll_Blind]

15. Yes! n/t

PB

[bdamomma]

13. hmmm...can they take Cheney too.

[acmavm]

17. NO MORE tax breaks as an American company. NO more rights

(however falsely claimed) of corporate personhood. No more rights period. They are a foreign corporation now.

[Initech]

36. Cheney can go with them.

[Hutzpa]

18. They said the same shit

during the last election, frankly, I thought they already moved
these kind of stunt is becoming rediculous....sick and tired of
sheep's not comprehending to these propaganda shit.

:grr:

[liberal N proud]

19. Get out of the US before 1-20-09

[w8liftinglady]

20. related article

http://iraqforsale.bravenewfilms.org/blog/560-halliburton-moves-overseas-to-avoid-taxes-accountability
Halliburton moves overseas to avoid taxes, accountability

HalliburtonWatch reports that contracting giant Halliburton is moving its corporate headquarters from the United States to the United Arab Emirates, which will help it avoid taxes and accountability from federal investigators. The company is also in the process of disposing all its ownership in the scandal-plagued KBR, "notorious for overcharging the military and serving contaminated food and water to the troops in Iraq." The article goes on to report that this isn't the first time Halliburton has used tactics to avoid accountability and restrictions:

Halliburton has also used its operational structure for contracts in Iraq and post-Katrina -- especially multiple layers of subcontractors -- to elude oversight and accountability to taxpayers. Read more at HalliburtonWatch.

[1776Forever]

22. You might find this interesting - There are webs to this - Will we be wearing Dubai flag pins soon??

Clinton, demanding transparency, fails to disclose chief campaign strategist's ties to UAE wealth funds

http://www.jedreport.com/2008/01/hillary-clinton.html

During Tuesday night's Democratic presidential debate, Hillary Clinton renewed her call for "aggressive" measures to reign in sovereign wealth funds, the investment funds owned by oil-producing states like the United Arab Emirates and Kuwait. She said she was "very concerned" about the multi-trillion dollar funds which are now buying substantial shares of American enterprises such as Citigroup and Merill Lynch.

Clinton, who first raised this issue six weeks ago, said the funds "need to be more transparent," adding "we need to have a lot more control over what they do and how they do it."

Despite Clinton's tough talk about transparency, she failed to disclose that her chief campaign strategist has close business connections with sovereign wealth funds owned by Abu Dhabi and Dubai, two small -- but oil-rich -- emirates located on the Persian Gulf coast.

The Clinton strategist, Mark Penn, is worldwide CEO of Burson-Marsteller, one of the most powerful lobbying and public relations firms in the world.

Burson-Marsteller represents sovereign wealth funds in at least two emirates

Last August, the Abu Dhabi Investment Authority, a sovereign wealth fund, hired Burson-Marsteller to represent its global interests.

Three months later the fund invested $7.5 billion in Citigroup, giving it a 4.9% stake in Citigroup and making it the firm's largest shareholder.

Before Abu Dhabi's investment, Saudi Prince Al-Waleed bin Talal was Citigroup's largest shareholder, a title he will likely reclaim after Tuesday's announcement that he will expand his 4.4% stake in the company.

...........

Which goes along with this:

Bill Clinton Severs Ties With Burkle, May Reap $20 Million

http://www.huffingtonpost.com/2008/01/22/bill-clinton-s...

Wall Street Journal | John Emshwiller | January 22, 2008

Former President Clinton stands to reap around $20 million -- and will sever a politically sensitive partnership tie to Dubai -- by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle.

Mr. Clinton is negotiating to end his relationship with Mr. Burkle's Yucaipa Cos. as part of a broader effort to protect the presidential campaign of his wife, Sen. Hillary Clinton, from potential conflicts of interest. Details of Mr. Clinton's involvement in Yucaipa and his efforts to unwind it come from documents and interviews with people familiar with the matter.

............

Nothing here??? We may never know but it does connect the dots.


:hide:

[Ghost in the Machine]

23. Good... start cancelling ALL contracts with them and give them to

companies based in the United States. Make sure they NEVER get another US Government contract as long as they exist, and don't give any contracts to any non US companies unless they are Iraqi companies rebuilding IN Iraq...

[peacetalksforall]

24. We need to make the GAO do their job. Obviously, they must have

put their man in that position and Congress doesn't care much - they only seem to hold hearings.

[RB TexLa]

25. Why would you exclude all non-US companies from contracting with the federal government?

nothing about Halliburton, just wondering.

[Ghost in the Machine]

28. If the were US based companies, then moved their bases to avoid paying taxes,

*WHY* should they benefit from American dollars enriching their companies? It's pretty short, sweet and to the point, don't you think?

BTW... I didn't "exclude all non-US companies from contracting with the federal government", as general reading abilities could point out. I did say that Iraqi companies could contract to help rebuild their own country... did you miss that part?

[RB TexLa]

29. You said only if they are working in Iraq. Halliburton will still be incorporated in the US

OK, then why would you prevent non-US companies from contracting with the federal government outside of Iraq?



on edit.
Oh, never mind, I see. No foreigners getting dollars. OK

[Ghost in the Machine]

30. So you're completely ok with US based companies moving offshore to avoid US taxes,

yet still filling their coffers with US dollars, paid for by the American taxpayer(you & me)??

I don't understand your train of thought here. It sounds like your train is running without a locomotive....

Just for your information, Halliburton would NOT be "foreigners", as you describe them. They'd be a US based company that moved overseas to AVOID PAYING US TAXES.

[RB TexLa]

31. You said "don't give any contracts to any non US companies unless they are Iraqi companies

rebuilding IN Iraq..."

I said it wasn't about Halliburton, just why you wanted to exclude foreign companies from contracting with the federal government outside of Iraq.

You answered, you said so they don't get money. Fine.

I admit I neglected where you stated the exemption you would want for Iraqi companies doing work in Iraq, sorry I neglected that.

[Ghost in the Machine]

33. I guess I could have been clearer also..

I was talking about the contracts that Halliburton has in Iraq, along with their KBR subsidiary...

Halliburton has a long record of abuses, cost overruns and flatout fraud for charging for work not done in Iraq... not to mention serving our troops rotten food and untreated water. I'd rather see the money going to Iraqi based companies who have a genuine stake in the effort to rebuild their country...

[fed-up]

26. maybe global warming will drown them there nt

[taught_me_patience]

27. This is old news

plus, Halliburton has already spun off KBR. Moving to Dubai is a good move, whcih, as a shareholder, I support.

[annabanana]

32. That way they can have their money closer to them. They got lonely for

it while it was in the Caymans. .

[HEyHEY]

34. Good, there's a chance they'll actually get charged one day.

[spanone]

35. nothing but tax evasion..

and evasion from prosecution

[lpbk2713]

37. That link is a year old.

Hardly Late Breaking News. :shrug: