We must have different NPR affiliates :) Mine was saying that there were no taxes there, that they were going to be delisting their stock from American exchanges and moving to a foreign exchange.
Even if they don't avoid the corporate taxes, they will be avoiding income taxes. > -----Original Message----- > From: William Bowen [mailto:[EMAIL PROTECTED] > Sent: Tuesday, March 13, 2007 1:01 PM > To: CF-Community > Subject: Re: Haliburton Moving to Dubai, wtf? > > > 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 > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Macromedia ColdFusion MX7Upgrade to MX7 & experience time-saving features, more productivity.http://www.adobe.com/products/coldfusion?sdid=RVJW Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:230011 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
