U.S. oil services firm Halliburton Co. is moving its headquarters and chief executive to Dubai.
Texas-based Halliburton, which was led by Vice President Dick Cheney from 1995-2000, did not specify what, if any, tax implications the move might entail. It plans to list on a stock exchange in the Middle East once it moves to Dubai — a booming commercial center in the Gulf. The company said it was making the moves to position itself better to gain contracts in the oil-rich Middle East.
http://www.msnbc.msn.com/id/17577926/
So we have a corporation that has made billions from the Afghanistan & Iraq invasions, in addition to Katrina hurricane disaster, and a Vice President and former CEO of this same company who has made millions. Now they're moving their headquarters, skipping out on U.S. taxes, and cutting U.S. jobs! When will this abuse end? It's utterly disgusting.
"KBR has so far booked more than $20 billion in revenues from its work in Iraq and has been the target of several investigations into the company’s billing practices. It has also faced complaints from some U.S. lawmakers about the company’s close ties to the Bush administration."
“This is an insult to the U.S. soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years,” said judiciary committee chairman Senator Patrick Leahy.
Dubai just happens to be the nation with ties to terrorism that was almost put in control of port security by President Bush, until Democrats and some Republicans alike spoke out against it.
