HalliburtonWatch reports that contracting giant Halliburton is moving its corporate headquarters from the United States to the United Arab Emirates, which will help it avoid taxes and accountability from federal investigators. The company is also in the process of disposing all its ownership in the scandal-plagued KBR, “notorious for overcharging the military and serving contaminated food and water to the troops in Iraq.” The article goes on to report that this isn’t the first time Halliburton has used tactics to avoid accountability and restrictions:
Halliburton has also used its operational structure for contracts in Iraq and post-Katrina — especially multiple layers of subcontractors — to elude oversight and accountability to taxpayers. Read more at HalliburtonWatch.
ThinkProgress.org also writes about the move, and reports that Senate Judiciary Committee Chairman Patrick Leahy (D-VT) told ABC News that Halliburton’s move was:
“corporate greed at it’s worst. This is an insult to U.S. soldiers and taxpayers. At the same time they’ll be avoiding U.S. taxes, I’m sure they won’t stop insisting on taking their profits in cold hard U.S. cash.”