> There is no taxes in Dubai... They don't even tax employees... When you're a > CEO every little bit helps!
actually, according to what I heard on NPR yesterday, simply HQ'ing a US Company in Dubai will not change the status of the company tax-wise. first, they're still incorporated in Delaware (this according to their own lawyer) and what's more, accroding to the tax attorney interviewed, their tax status wouldn't change without a significant shift of employees (something on order of 10%). Most likely it is a move to shore up their image as a global company, in the wake of (go figure) poor worldwide outlook on US companies that are not positioned as global, especially in the middle east. Halliburton is after the oil money, plain and simple. shifting corporate offices puts them in a better position to attain contracts, but it does not afford them tax exempt status (at least, not in the US). -- will "If my life weren't funny, it would just be true; and that would just be unacceptable." - Carrie Fisher ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| ColdFusion MX7 by Adobe® Dyncamically transform webcontent into Adobe PDF with new ColdFusion MX7. Free Trial. http://www.adobe.com/products/coldfusion Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:230001 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
