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Liberalism: Why think when you can “feel”?

More on the Halliburton move to Dubai

I mentioned this a few days ago, but Tony Blankley has a great column on the issue as well. From RCP:

Democratic Congressman Henry Waxman threatened hearings on the Halliburton move (birds gotta fly, fish gotta swim, Waxman gotta threaten hearings), while Democratic Sen. Patrick Leahy complained that Halliburton was somehow trying to cheat the American taxpayers (even though Halliburton is going to continue to pay its corporate taxes to the IRS — and anyway, Dubai doesn’t tax corporations that site in their city. Hm? No taxes as an inducement to increased business activity — there’s an idea to which Sen. Leahy probably hasn’t given sufficient thought.)

Rather than hold hearings, or construct phantom conspiratorial tax evasion theories, Waxman, Leahy and their fellow ilk might consider that since Congress won’t permit American oil companies to drill for the more than 140 billion barrels of recoverable oil that exists under American ground and in our coastal waters, it only makes sense for oil drilling companies to go where oil drilling is permitted.

I wouldn’t blame Halliburton if it moved all its assets out of a country (that would be the United States) that slanders their good name rather than appreciates their world-class, vitally needed skills. What a pity if Waxman and his fellow anti-capitalists soon won’t have Halliburton to kick around anymore.

But as America is now driving its productive assets and people (such as Halliburton) away, we shouldn’t be too smug.

A modern day version of Atlas Shrugged, perhaps?

March 14, 2007 Posted by | economic ignorance, Halliburton | Leave a comment

Halliburton fleeing tax-oppressive U.S.?

Sometimes, I think these guys are just looking for reasons to piss off the left (which, of course, is almost always a good thing). Dick Cheney, you magnificent bastard! From NewsMax:

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 Sunday.

“Halliburton is opening its corporate headquarters in Dubai while maintaining a corporate office in Houston,” spokeswoman Cathy Mann said in an e-mail to The Associated Press. “The chairman, president and CEO will office from and be based in Dubai to run the company from the UAE.”

Lesar’s announcement appears to signal one of the highest-profile moves by a U.S. corporate leader to Dubai, an Arab boomtown where free-market capitalism has been paired with some of the world’s most liberal tax, investment and residency laws.

“The eastern hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities and growing our business here will bring more balance to Halliburton’s overall portfolio,” Lesar said.

Hey, Hillary…I got your “windfall profits tax” right here!

You know, if we had the Fair Tax instead of our current broken and unfair income tax system, companies like this wouldn’t need to seek tax-friendly nations…because we would actually be one!

March 12, 2007 Posted by | Fair Tax, Halliburton | Leave a comment