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Tuesday, March 13, 2007

Halliburton Move

Halliburton announced on Sunday that it plans to open a new corporate headquarters in Dubai.

Some US lawmakers have raised concerns that Halliburton, which is the Pentagon's largest contractor in Iraq and holds a logistics contract valued at over $25BN, might be able to reduce its tax burden by moving its headquarters to Dubai.

Sen. Byron Dorgan, D-N.D., asked whether it might really be a back-door way to enable Halliburton to expand its business dealings with Iran or avoid paying U.S. taxes.

Halliburton used to employ US Vice President Dick Cheney.

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