Monday, March 12, 2007

Halliburton fleeing tax-oppressive U.S.?

Sometimes, I think these guys are just looking for reasons to piss off the left (which, of course, is almost always a good thing). Dick Cheney, you magnificent bastard! From NewsMax:
Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.

"Halliburton is opening its corporate headquarters in Dubai while maintaining a corporate office in Houston," spokeswoman Cathy Mann said in an e-mail to The Associated Press. "The chairman, president and CEO will office from and be based in Dubai to run the company from the UAE."
Lesar's announcement appears to signal one of the highest-profile moves by a U.S. corporate leader to Dubai, an Arab boomtown where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws.

"The eastern hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities and growing our business here will bring more balance to Halliburton's overall portfolio," Lesar said.
Hey, Hillary...I got your "windfall profits tax" right here!

You know, if we had the Fair Tax instead of our current broken and unfair income tax system, companies like this wouldn't need to seek tax-friendly nations...because we would actually be one!

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