There are laws that prohibit American companies to do business with Iran, well by moving to Dubai they aren't an American company anymore.
2007-03-13 10:15:17 · 3 answers · asked by At Last WC2010 6 in Business & Finance ➔ Corporations
Halliburton is saving lots, lots of taxes by moving and not paying its taxes in the US.
I thought the US saw Iran as the enemy, well not Halliburton, buddy, buddy with Iran.
2007-03-13 10:28:22 · update #1
I think they would love to do business with Iran but the main reason is so they can avoid millions of dollars in taxes. Maybe the tax laws should be changed so they will still be taxed, especially since they are making so much money off US contracts. This is our tax dollars at work.
2007-03-13 10:45:38 · answer #1 · answered by Andy 3 · 1⤊ 0⤋
They can still be an American company, if they are incorporated in the US.
Haliburton is in the oil services business. Iran has oil.
2007-03-13 17:24:39 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
Simple: Dubai has Greatly appreciating property. It is beyond smart to set up shop now...and move out later.
2007-03-13 18:53:02 · answer #3 · answered by Cameron C. 1 · 0⤊ 0⤋