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BigV · 03-13-2007, 12:09 PM

So today on the news, Haliburton's statement was that they're definitely staying in the US, staying in Houston. They have no intention of leaving the country and they're definitely not taking any tax breaks by moving.

So, let's say I take them at their word on this, and they're *not* going to evade/shelter/whatever any of the corporate taxes due to Uncle Sam by moving the corporate HQ, and the CEO to UAE. Does that mean as a shareholder, I have an actionable cause for dereliction of their fiduciary duty by failing to take advantage of the more favorable tax (none, in designated zones) structure of UAE?

Somebody's getting screwed, the IRS or the stockholders, I wonder which one.

03-13-2007, 12:09 PM	#18
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	So today on the news, Haliburton's statement was that they're definitely staying in the US, staying in Houston. They have no intention of leaving the country and they're definitely not taking any tax breaks by moving. So, let's say I take them at their word on this, and they're not going to evade/shelter/whatever any of the corporate taxes due to Uncle Sam by moving the corporate HQ, and the CEO to UAE. Does that mean as a shareholder, I have an actionable cause for dereliction of their fiduciary duty by failing to take advantage of the more favorable tax (none, in designated zones) structure of UAE? Somebody's getting screwed, the IRS or the stockholders, I wonder which one. __________________ Be Just and Fear Not.