Financial Times FT.com

Out of the door: Tax treatment tempts businesses to move country

By Vanessa Houlder

Published: May 5 2008 20:16 | Last updated: May 5 2008 20:16

When Halliburton moved its headquarters from Houston to Dubai last year, the oil services group provoked a political storm. Despite assurances that the company was not seeking to avoid tax or scrutiny, the move was lambasted by Democrats as an example of corporate greed. Senator Hillary Clinton led the attack, denouncing the move as “disgraceful”.

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