Why did Halliburton move to Dubai?

Question

They have made billions off of US tax payers-where is all the patriotism that our adm. expounds-this is a subject FOX news won't touch.

Answer 1

To keep from paying taxes.

They can make mega-billions off of taxpayers' dollars, (government contracts with NO competition) but refuse to give back to the system which made them all billionaires. Cheney included.

Heinous, indeed.
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To the gubmint: HALLIBURTON IS ON RECORD AS CITING "TAXES" AS THE REASON FOR MOVING OUT OF THE UNITED STATES.

Life would be so much simpler if any of you people ever read a newspaper.
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To the poster actually stupid enough to DEFEND Halliburton, here is a nice little piece from a CONSERVATIVE site:

"Many of the contracts for work in Iraq were awarded on a cost-plus basis, in which an agreed-upon percentage of profit would be added to the actual costs of performing the contract. Such contracts are an invitation to fraud, and unscrupulous companies will make every effort to increase their costs so that the profits will also increase proportionally.
Halliburton, Vice President Dick Cheney’s former company, has a no-bid monopoly contract with the Army Corps of Engineers that is now estimated to be worth $10 billion. In June 2005, Pentagon contracting officer Bunny Greenhouse told a congressional committee that the agreement was the “most blatant and improper contracting abuse” that she had ever witnessed, a frank assessment that subsequently earned her a demotion.

Halliburton has frequently been questioned over its poor record keeping, and critics claim that it has a history of overcharging for its services. In May 1967, a company called RMK/BRJ could not account for $120 million in materiel sent to Vietnam and was investigated several times for overcharging on fuel. RMK/BRJ is now known as KBR or Kellogg, Brown and Root, the Halliburton subsidiary that has been the focus of congressional, Department of Defense, and General Accountability Office investigations. Defense Contract Audit Agency auditors have questioned Halliburton’s charges on a $1.6 billion fuel contract, claiming that the overcharges on the contract exceed $200 million. In one instance, the company charged the Army more than $27 million to transport $82,000 worth of fuel from Kuwait to Iraq. Halliburton has also been accused of billing the Army for 42,000 daily meals for soldiers, though it was only actually serving 14,000. In another operation, KBR purchased fleets of Mercedes trucks at $85,000 each to re-supply U.S. troops. The trucks carried no spare parts or even extra tires for the grueling high-speed run across the Kuwaiti and Iraqi deserts.

--->When the trucks broke down on the highway, they were abandoned and destroyed rather than repaired. <---

Responding to complaints, Halliburton refused to permit independent auditing and inspected itself using so-called “Tiger Teams.” One such team stayed at the five-star Kuwait Kempinski Hotel while it was doing its audit, running up a bill of more than $1 million that was passed on to U.S. taxpayers.


http://www.amconmag.com/2005/2005_10_24/cover.html

Answer 2

1. Taxes are why Halliburton has moved.
2. Halliburton is the only company who had logistics and personnel to do the job that they are doing. Realistically there is/was no other company that could do what they are doing as efficiently as they are. The jobs are being re bid constantly and KBR is in place and doing a good job for the lowest cost. Halliburton only has about 30% of the pie at this time.
3. the Clinton administration used Halliburton almost exclusively in the Kosovo Conflict.

Answer 3

When has Halliburton ever made billions ??

Just because a contract is for billions, doesn't mean the company made billions.

Halliburtons corporate head quarters are still in houston and will remain there.

Halliburton is opening a Corporate office in Dubai, where the CEO will be based,

Because most of the oil friend services work that Halliburton does, is in the middle east.

So does it really matter where the CEO goes to work everyday ?

Since they are still based in Houston and still pay tax's in America.

Answer 4

what's moving to Dubai? the corporate workplace is truly the CEO and a few help workforce. The components Halliburton has interior the US are super. area of the CEO does no longer preclude investigations. i'm getting a kick out of a few of those questions.

Answer 5

Didn't realize they had. Doesn't surprise me in the least. If you've got time, check these videos out.

http://www.youtube.com/watch?v=_rRqeJcuK-A
http://www.youtube.com/watch?v=RV301PZ-LhE&mode=related&search=

Rumsfield testifies over 2.3 TRILLION dollars that remain unaccounted for (pre 9-11). Great stuff. I would imagine that Halliburton got quite a chunk of it, in addition to the billions that they've made off this war.

Answer 6

What's wrong with moving to a country that has lower taxes? If America wants to compete, they should lower taxes. If you want to blame somebody, blame the people that are always in favor of higher taxes (Democrats) that gave America THE highest corporate tax rate in the entire world. It is the Democrats and their high taxes, minimum wage, and unions that are responsible for outsourcing jobs.

Answer 7

Dick Cheney knows that Democrats are going to win big in '08, and wanted to get his cash cow out of the country before they started investigations.

Answer 8

Probably because the majority of their business is in the Middle East and it made sense, business-wise, for them to do it.