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Tuesday, March 13, 2007

Do or Dubais

Is Halliburton trying to run away from bad publicity on their contracts?

Are they trying to run away from the obligation to pay U.S. taxes?

Or are they trying to set up a corporate presence in Dubai so that they can avoid the restrictions that currently exist on doing business with prohibited countries like Iran?

Does it fall into the category of corporate decisions that questions are starting to get asked and we have to get out of here before it gets worse?


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Blogger Parson said...

From what I've been reading, To skip out on U.S. taxes altogether, They would need to incorporate overseas. This calls for some tricky legal stuff. A 2005 regulation from the IRS makes it almost impossible to reincorporate without merging with a foreign company.

title="comment permalink">March 13, 2007 8:18 PM  
Blogger John Good said...

Halliburton, as a company run by U.S. citizens and traded on U.S. stock exchanges, would still be subject to such laws as the Foreign Corrupt Practices Act and Sarbanes-Oxley.

Income earned abroad and paid to a company based abroad would not be subject to U.S. taxes.

So. . .they may get to be tax cheats, however they can still be prosecuted for improper actions.

title="comment permalink">March 13, 2007 8:23 PM  
Blogger Peacechick Mary said...

Oh, that photo! Great - says it all doesn't it?

title="comment permalink">March 13, 2007 8:35 PM  
Blogger Human said...

That was my answer too.

With the emphasis on the Iran connection.


title="comment permalink">March 13, 2007 9:47 PM  
Blogger John Good said...

When you perform a Wiki search for "corruption", Haliburton should be the #1 search result. . .

title="comment permalink">March 13, 2007 9:55 PM  
Blogger Hill said...

You know, of course, that before Dubya was appointed prez by the supremes that Halliburton was on the verge of bankruptcy? Oh, my, how times have changed.
War profiteers.

title="comment permalink">March 14, 2007 10:05 AM  
Blogger dusty said...

love the photoshop..who did it?

title="comment permalink">March 14, 2007 9:04 PM  
Blogger John Good said...

Dusty - I'm not sure; I swiped it from Randi Rhodes. =)

title="comment permalink">March 14, 2007 9:07 PM  

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