i suppose to empasize that dick cheney was ceo 1995-2000 of these guns for hire and has defended them doing business in iran is somehow to make unfair aspersions.
- Halliburton is moving to UAE at a time when it is being investigated in the U.S. for bribery, bid rigging, defrauding the military and illegally profiting in Iran. It is currently in the process of divesting all of its ownership interest in the scandal-plagued KBR subsidiary, notorious for overcharging the military and serving contaminated food and water to the troops in Iraq.
- Although Halliburton will still be incorporated inside the United States, moving its corporate headquarters to UAE will make it easier to avoid accountability from federal investigators....
- 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....
- The United States has no extradition treaty with the UAE....
- Sarah Anderson of the Institute for Policy Studies notes that most Fortune 500 companies have global operations, so that moving an entire headquarters to another country is not necessary. "With today's technologies, there's no real reason to have to physically relocate," she said....
- Martin Sullivan, contributing editor at the nonpartisan Tax Notes magazine, said relocating to the no-tax jurisdiction of Dubai would change Halliburton's tax situation "significantly" even though the company would still be registered in the US. By re-locating its CEO and other top executives to Dubai, Halliburton can argue that a portion of its profits should be attributed to the no-tax jurisdiction, he said.
- Halliburton earned a record $2.3 billion in profit last year. That's almost equal to the $2.7 billion the Pentagon found in the company's overcharges in Iraq. ("Halliburton bails out of Iraq, KBR and now America," 12 March 2007, Halliburton Watch)
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