Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced
More than 38 percent of Halliburton's $13 billion oil field services revenue last year stemmed from sources in the eastern hemisphere, where the firm has 16,000 of its 45,000 employees.
Federal investigators last month alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq.
So Halliburton is off to the land of no taxes, what army, and excess luxury. What plans do they have from this new base? Surely, they have no necessary reason to be allied with the United States in many things.
My question for the transformation of power is:
"Does the movement of economic powerhouses such as Halliburton hollow out American power?"
My second question is:
"Will American taxes pay for much of the defense of Halliburton interests while the company no longer contributes to American society in the same way?"
Tags: Halliburton, Dubai, Taxas, Houston, Texas, Chaney, Contractor Waste
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