Halliburton to move its head office to Dubai

[.Shane.]

While I certainly don't hold the move against them, I'd think that as a foreign company they should be an also-ran for any future government contracts.

Yep, I agree.

Does this also allow them to avoid paying US taxes?

 

[Whomp]

Yep, I agree.

Does this also allow them to avoid paying US taxes?

Nope they're still domiciled in the US. It will undoubtedly reduce their government contract business but they're in the process of selling KBR anyhow.

That's the construction and engineering unit that gets the no bid contracts. That business accounts for 50% of revenue but only 20% of profit. I think they're trying to get back to their core high margin oil service biz.

 

[ainwood]

I read it in a paper here in Ottawa, but this is the same list. The article doesn't have much to do with the list.

http://news.bbc.co.uk/1/hi/business/5313146.stm

1: Singapore (2)
2: New Zealand (1)
3: United States (3)
4: Canada (4)
5: Hong Kong (6)
6: United Kingdom (5)
Source: World Bank - Doing Business Report 2007 (2006 positions in brackets)

Slightly off-topic, but NZ being "business friendly" is a joke. The measures are VERY subjective.

 

[theimmortal1]

They will make more money over there. That is the only reason why they are moving there.

 

[Phlegmak]

I'm skeptical about that. It's possible they want to escape US legal scrutiny.

 

[JollyRoger]

They are cooking the books over there so they won't have to cook them over here.