- Joined
- Aug 27, 2005
- Messages
- 43,602
- Reaction score
- 26,257
- Location
- Houston, TX
- Gender
- Male
- Political Leaning
- Conservative
The big news here in Houston is Halliburton pulling it's corporate offices out and moving them to Dubai. The first puzzling aspect of the move was Halliburton's promise that they were not doing this to avoid paying taxes, since Dubai has no tax on corporations. Turns out that the reason for the move is so Halliburton can continue doing business with Iran, which could be illegal here shortly. The really sneaky part of all this is that the only transfer of employees will be that of the CEO to Dubai. So, in the end, we will still have Halliburton in Houston, doing business with Iran, while telling us that they are no longer in Houston, but in Dubai, so they are no longer bound by American laws. Bet they renege on the tax statement too, since it is not in writing.
Article is here.
Article is here.