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Halliburton Moves HQ To DXB  
User currently offlineEWRCabincrew From United States of America, joined May 2006, 5527 posts, RR: 56
Posted (7 years 8 months 3 weeks 13 hours ago) and read 1468 times:

Very interesting indeed. Sends some mixed messages.

http://www.halliburton.com/default/m...s_release/2007/corpnws_031107.html


You can't cure stupid
41 replies: All unread, showing first 25:
 
User currently offlineFalcon84 From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 8 months 3 weeks 11 hours ago) and read 1433 times:

Yes, the VP's company moves overseas.

Why doesn't that surprise me?

All the Americans who had a part in this should be stripped of their citizenship, and they should have to pay a huge tax penalty for moving outside the U.S.


User currently offlineAsstChiefMark From , joined Dec 1969, posts, RR:
Reply 2, posted (7 years 8 months 3 weeks 11 hours ago) and read 1430 times:

Cheney's planning his big escape.   



[Edited 2007-03-12 03:10:12]

User currently offlineFalcon84 From , joined Dec 1969, posts, RR:
Reply 3, posted (7 years 8 months 3 weeks 11 hours ago) and read 1429 times:

Quoting AsstChiefMark (Reply 2):
Cheney's planning his big escape

In the humor of the moment, you could be right, though.


User currently offlineMKEdude From South Korea, joined May 2005, 1011 posts, RR: 1
Reply 4, posted (7 years 8 months 3 weeks 11 hours ago) and read 1404 times:

Quoting EWRCabincrew (Thread starter):
Sends some mixed messages.

Really? They bilked the U.S. government for every dime that they could, and now they're moving overseas so they won't have to pay taxes on any of it.

What's mixed about that?



"You can't be a real country unless you have a beer and an airline." Frank Zappa
User currently offlineBlackbird From , joined Dec 1969, posts, RR:
Reply 5, posted (7 years 8 months 3 weeks 11 hours ago) and read 1396 times:

Actually, I wouldn't be suprized if Cheney is planning for his escape.

Andrea Kent
(Should I die mysteriously you know who to blame)


User currently offlineEWRCabincrew From United States of America, joined May 2006, 5527 posts, RR: 56
Reply 6, posted (7 years 8 months 3 weeks 11 hours ago) and read 1380 times:

Quoting MKEdude (Reply 4):
What's mixed about that?

Mixed in the sense that the move will make them no longer open for scrutiny and make then less liable for any wrong-doing (Cheney, too). Then who do we go after, they are "offshore", now what?



You can't cure stupid
User currently offline71Zulu From United States of America, joined Aug 2006, 3088 posts, RR: 0
Reply 7, posted (7 years 8 months 3 weeks 10 hours ago) and read 1368 times:

What's the big deal?

Your democrat buddy George Soros apparently has no problem with Haliburton.

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=54532



The good old days: Delta L-1011s at MSY
User currently offlineIAH777 From United States of America, joined Mar 2008, 0 posts, RR: 4
Reply 8, posted (7 years 8 months 3 weeks 10 hours ago) and read 1361 times:

Hmmm...the UAE must be planning to invade Indonesia....  scratchchin 

User currently offlineCOIAHLGW From United States of America, joined Dec 2003, 155 posts, RR: 0
Reply 9, posted (7 years 8 months 3 weeks 10 hours ago) and read 1345 times:

Just in time for the December start of the direct EK flight from IAH-DXB  Smile


Last aircraft flown, N78008, EI-CSR, EI-DHP, N77014, N78008, EI-CSH, N78002, N68155, N77012, N78017, N19117, N38403
User currently offlineAsstChiefMark From , joined Dec 1969, posts, RR:
Reply 10, posted (7 years 8 months 3 weeks 10 hours ago) and read 1342 times:

How true is this?



User currently offlinePope From , joined Dec 1969, posts, RR:
Reply 11, posted (7 years 8 months 3 weeks 10 hours ago) and read 1333 times:

Quoting Falcon84 (Reply 1):
All the Americans who had a part in this should be stripped of their citizenship, and they should have to pay a huge tax penalty for moving outside the U.S.

Have you ever read the Constitution or the US tax code?

First of all there is absolutely no mechanism under the US Code or US Constitution to strip a natural born American of their citizenship. Once again your hypocrisy shows. Whenever something you oppose comes up, you seem to have no problem violating the law or the Constitution to achieve the goal you support.

Second, the US tax code has substantial penalties for outbound transfers of assets from the US. However, if you do a little bit of reading on this matter you'll see that the company remains incorporated in the US and therefore subject to US taxation on its worldwide income.

By the way, the US is one of the few countries that has a worldwide basis of taxation, a feature which is commonly discussed as a big impediment for the competitiveness of US companies operating around the world.


User currently offline767Lover From , joined Dec 1969, posts, RR:
Reply 12, posted (7 years 8 months 3 weeks 10 hours ago) and read 1329 times:

Ah, relax everyone. It's not a new phenomenon for executives to want to be close to the action:

http://www.cfo.com/article.cfm/88345.../c_8834654?f=TodayInFinance_Inside

Given Halliburton's business, the move doesn't seem nonsensical. I think this is a case of trying to sniff out something that isn't there.


User currently offlineLTBEWR From United States of America, joined Jan 2004, 13170 posts, RR: 15
Reply 13, posted (7 years 8 months 3 weeks 9 hours ago) and read 1320 times:

Maybe it is to avoid some of the problems under Sorbains-Oxley, they can hide some of their 'business' and documents from the prying eyes of the USA Justice department and SEC.

User currently offline767Lover From , joined Dec 1969, posts, RR:
Reply 14, posted (7 years 8 months 3 weeks 9 hours ago) and read 1305 times:

Quoting LTBEWR (Reply 14):
Maybe it is to avoid some of the problems under Sorbains-Oxley, they can hide some of their 'business' and documents from the prying eyes of the USA Justice department and SEC.

Nope, not possible if they are listed on a US stock exchange. They still have to comply.

(and it's Sarbanes-Oxley)


User currently offlineFlyingTexan From , joined Dec 1969, posts, RR:
Reply 15, posted (7 years 8 months 3 weeks 9 hours ago) and read 1298 times:

Quoting COIAHLGW (Reply 9):
Just in time for the December start of the direct EK flight from IAH-DXB

the same thing I thought upon hearing this on the news ...


User currently offlineANCFlyer From , joined Dec 1969, posts, RR:
Reply 16, posted (7 years 8 months 3 weeks 8 hours ago) and read 1280 times:

Quoting Falcon84 (Reply 1):
All the Americans who had a part in this should be stripped of their citizenship, and they should have to pay a huge tax penalty for moving outside the U.S.

Well, Falcon, I guess this includes the CEOs of every damn company that ever moved manufacturing and other US jobs overseas. How about US, DL, US< sending their Call Centers overseas. Should the folks that dreamed this debacle up have to move, be stripped of their citizenship, and denied their rights as Americans?

 sarcastic 

One of your more . . shall I say . . . less than stellar posts my friend. Just a rant. No basis in reality.

Quoting Falcon84 (Reply 1):
Yes, the VP's company moves overseas.

By the By, it's not the VP's company. He doesn't work there any longer.

Quoting Falcon84 (Reply 3):
Quoting AsstChiefMark (Reply 2):
Cheney's planning his big escape

In the humor of the moment, you could be right, though.

 sarcastic 

Quoting Blackbird (Reply 5):

 sarcastic  Again . . .


User currently offlineBHMNONREV From Australia, joined Aug 2003, 1383 posts, RR: 4
Reply 17, posted (7 years 8 months 3 weeks 6 hours ago) and read 1248 times:

While the move over here is no surprise, the fact that Dave Lesar is the one making the move IS the surprise. We have been hearing this for several years now, and it looks like it will finally happen.

The timing is a little strange though...  scratchchin 


User currently offlineFalcon84 From , joined Dec 1969, posts, RR:
Reply 18, posted (7 years 8 months 3 weeks 2 hours ago) and read 1233 times:

Quoting Pope (Reply 11):
Once again your hypocrisy shows.

I knew I could count on you to defend Halliburton, Pope. Right on schedule.

Quoting ANCFlyer (Reply 17):
By the By, it's not the VP's company. He doesn't work there any longer.

Sure he does, he's just temporarily reassigned.


User currently offlineDisruptivehair From United Kingdom, joined Mar 2007, 598 posts, RR: 0
Reply 19, posted (7 years 8 months 3 weeks 2 hours ago) and read 1230 times:

Quoting Pope (Reply 11):
By the way, the US is one of the few countries that has a worldwide basis of taxation, a feature which is commonly discussed as a big impediment for the competitiveness of US companies operating around the world.

Not to mention inconvenient for US citizens living abroad. I have to file a tax return with the IRS every year even though I have no income from the US and pay taxes on my income FROM the UK...TO the UK. Only the first $80,000 or so of a salary abroad is tax-free; after that, the US tries to get its grabby hands on it and you have to file all sorts of papers to keep it away from them...if you can. I don't have to pay tax in the US on my income here, but I know people here who do. They're investment bankers on 7 figure salaries, but still...how is it fair?


User currently offlineME AVN FAN From Switzerland, joined May 2002, 13920 posts, RR: 25
Reply 20, posted (7 years 8 months 3 weeks 1 hour ago) and read 1210 times:

WHAT exactly does the term " a HQ" mean ? Does Halliburton have several HQs ? In their press-release they write
""" a corporate headquarters office """ which hints to them in future having TWO HQs, one in Houston and one in Dubai.


User currently offlinePope From , joined Dec 1969, posts, RR:
Reply 21, posted (7 years 8 months 3 weeks ago) and read 1173 times:

Quoting Falcon84 (Reply 19):
I knew I could count on you to defend Halliburton, Pope. Right on schedule.

I'm not defending Halliburton because there is nothing to defend. This move doesn't reduce the US tax base one penny (in fact, if you even took the time to familiarize yourself with the tax code you talk so ignorantly about, you'd realize that this may substantially accelerate the timing of payments to the US Treasury). Second, why shouldn't a company that wants to focus on oil services be headquartered in the Middle East? You rant about the US needing to understand other cultures and then condemn companies when they take specific steps to do that.

Third, your discussion of stripping a US citizens of his rights is a complete double standard. You rant against due process violations committed by the administration against enemy combatants, yet you have no problem advocating a unilateral ex parte divestment of a US citizen's rights when he's broken no law (which stands in direct violation of the US Constitution). That's hypocrisy pure and simple.

You can try to make this about me. You can try to make it about Halliburton. But your hypocritical writings always come back to haunt you.


User currently offlineTedTAce From , joined Dec 1969, posts, RR:
Reply 22, posted (7 years 8 months 2 weeks 6 days 23 hours ago) and read 1164 times:

Quoting ANCFlyer (Reply 17):
Should the folks that dreamed this debacle up have to move, be stripped of their citizenship, and denied their rights as Americans?

Yes. As someone who has lost 3 jobs and counting to outsourcing I'd love to see the ORIGINAL person who came up with the idea of sending call centers to India Drawn, Quarted, Beheaded and humiliated in every way possible.


User currently offlinePope From , joined Dec 1969, posts, RR:
Reply 23, posted (7 years 8 months 2 weeks 6 days 23 hours ago) and read 1156 times:

Quoting TedTAce (Reply 23):
Yes. As someone who has lost 3 jobs and counting to outsourcing I'd love to see the ORIGINAL person who came up with the idea of sending call centers to India Drawn, Quarted, Beheaded and humiliated in every way possible.

That person would be Adam Smith.

There is absolutely no reason why the market shouldn't adjust so that the most rational allocation of resources occurs.


User currently offlineTedTAce From , joined Dec 1969, posts, RR:
Reply 24, posted (7 years 8 months 2 weeks 6 days 23 hours ago) and read 1147 times:

Quoting Pope (Reply 24):
rational allocation

The problem is you have accountants doing what they THINK is the best based on pure #'s. They 'can't' factor things in like how much more efficiently an American can work with another American to increase the productivity of BOTH. They only shortsightedly see the savings in labor and forget that someone has to WORK HARDER and LONGER with the person being underpaid on the other end to resolve the problem. Why is Dell and a few other companies moving their operations back?


25 Pope : I don't disagree one single bit. Rational allocation of resources has to incorporate the total costs versus the total benefits. But make no mistake a
26 Post contains links and images RJdxer : Perhaps you should get the facts before making ludicrous statements like this. http://www.chron.com/disp/story.mpl/front/4621008.html 1. Halliburton
27 767Lover : People used to say the same thing about computers and IT taking away manual jobs.
28 YOWza : This is really not that big a deal. Agreed physically moving headquarters to DXB is something but if you examine Halliburton down to its core you will
29 Post contains images ME AVN FAN : Maybe one of the Maktoums buys Halliburton shares in a decisive way, takes the company as a whole to Dubai, and then hires Cheney as "honorary chairma
30 YOWza : Will not happen. The company is too hot a potato for families with such influence to get their hands on. If I'm not mistaken Khalaf Al-Habtoor had so
31 BHMNONREV : Trust me, this is one divorce which will completely amicable. We (KBR) are ready to move on, and Halliburton can concentrate on the Middle East Oil a
32 RJdxer : Agreed, and Halliburton was most generous in allowing the stock swap.
33 TedTAce : How many Honda/Toyota engineers were trying to walk an American through building the car they designed? Excuse my xenophobia, but at least the jobs w
34 ME AVN FAN : - Maybe. But if so, that so-called "HQ" will be nothing else than a high-level "FIELD-OFFICE" . Unless they actually DO transfer real HQ-functions to
35 YOWza : I'm sorry, I didn't follow your point at all... care to elaborate?
36 Pope : Ted, not sure what you're trying to say here.
37 TedTAce : You give a GREAT example of countries overcomming adversity to go on to do great things. My counterpoint is that they were able to accomplish because
38 Pope : Ted, have you ever been to Asia? There's definitely a hierarcy amongst Asians. For example, Singaporean look down on Chinese. Hong Kong Chinese look
39 Post contains images ME AVN FAN : simple. An office where the top guns of a company work is not necessarily the HQ, particularily if all major company functions stay in the old place.
40 Aaron747 : Halliburton shouldn't be permitted to relocate until they pay up the $2.7 billion in war profiteering overcharges they still owe the government.
41 Post contains links and images PLANAR : I remember I used to struggle and work very hard to outrun all competition to get anything, that a person in US takes so much for granted. Citizens o
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