I'm guessing it would depend on who is putting more money into their economy :)
> -----Original Message----- > From: Robert Munn [mailto:[EMAIL PROTECTED] > Sent: Wednesday, March 14, 2007 2:08 AM > To: CF-Community > Subject: Re: Haliburton Moving to Dubai, wtf? > > They have been trying to get rid of KBR for two or three > years because it is an under-performing dog in business > terms. They figured out a few years ago that oil was going to > be even more profitable in the 21st century than it was in > the 20th, and they decided to put all their eggs in that > basket. That means dumping KBR and moving their corporate > headquarters to Dubai. But before we go bashing Halliburton > for the move, keep in mind that the government of Dubai has > spent billions of dollars creating exactly the kind of place > to attract global companies like Halliburton. I would not be > at all surprised to see more companies- and not just American > ones- move to Dubai. > > As for where they pay taxes (or should pay them, anyway), > that is such a hugely complicated issue for these global > companies. They have armies of lawyers and accountants > running the numbers, it's amazing. Their goal, like that of > any for-profit business, is to make as much money as possible > and pay as little of it in taxes as possible. Moving their > corporate headquarters to Dubai probably helps some. You'll > be able to see their US returns from last year and their > returns from the first year in Dubai and tell the difference, > that's for sure. > > As for legal action, I wonder whether the government of Dubai > would refuse an extradition request. Somehow I doubt it.... > > On 3/13/07, William wrote: > > > > > How many employees do you think they have in Iraq? I wonder how > > > many they will have based out of Dubai working in Iraq > and elsewhere > > > in the Middle East. Would it possibly be enough to > change their tax status. > > > > That's something else that was mentioned yesterday, KBR the > division > > of Halliburton that is handling the gov. contracts is > supposed to be > > spun off as its own comapny next month. > > > > > Toyota is a Japanese company. However, they have 8 or so > manufacturing > > > plants in the USA. How does that work out for taxes? > > > > I am not a tax attorney but I would think that there's a certain > > amount of taxes that would have to be paid on both ends. > Property tax > > comes to mind mostly, but other than that i don't know. > > > > > Do they have to > > > pay US taxes on their production here, how does that affect their > > > tax liability in Japan? If Haliburton starts running > its contracts > > > through their office in Dubai rather than here in the US > will they > > > be able to avert paying some of their taxes in the USA? > > > > Probably a little bit, but if they are still a US corporation, then > > they still pay taxes in the US, or should > > > > > Are they safer from US prosecutors if someone was to find > a reason > > > to attempt legal action against them? > > > > Going forward, I would imagine so... > > > > > -- > --------------- > Robert Munn > www.funkymojo.com > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Deploy Web Applications Quickly across the enterprise with ColdFusion MX7 & Flex 2 Free Trial http://www.adobe.com/products/coldfusion/flex2/?sdid=RVJU Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:230126 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
