Halliburton Move Causes Political 'Firestorm'

By Community Headlines | March 13, 2007 07:19 AM

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Halliburton announced Sunday, it is in talks with the United Arab Emerits to relocate it's facilities from Texas to Dubai in an attempt to capitalize on the booming energy market there.

KBR, the subsidiary of Halliburton responsible for government contracts will be spun off as it's own company, remaining in the US to continue to handle the contracts it still has.

Halliburton's announcement has sparked a 'political firestorm' as top Democrats rush to critisize Haliburton for their move, some claiming Halliburton's move is an attempt to avoid taxes in the US. A spokesperson for Haliburton stated that though they are moving their facilities, they would 'remain Incorporated in America' so there is going to be 'no tax benefit' from the move and there would be no resulting layoffs either.

More on the story here.


 

Halliburton Move Causes Political 'Firestorm'
Started March 13, 2007 - First 2 of 2 comment(s)   View all comments
February 23, 2008 06:15 PM
Member Since:
February 11, 2007

Comment updated February 23, 2008 08:10 PM

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April 24, 2008 06:05 PM
Member Since:
February 18, 2007
Post to All threads. Our Second Amendment is in Dangerous Jeopardy. We have all been diverted from the protection of the 2nd Amendment and also the first amendment by all the border issues, global warming garbage and the mid east war. That is exactly what the left wants and they have succeeded. The Presidency is a total loss this election as ALL the candidates are ANTI gun proponents. Ammunition Bans are already in the works and the demolition of the 2nd amendment is fully underway. People better wake up very soon to what is happening and the dangers we face beginning at election time. If the focus is not recentered on the protection of our 2nd amendment we are going right down the slime slide of the left into hell !! RECENTER on this issue. We can still fight for the rest, but if we lose the 2nd we lose all of it !! G & B Oregon

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