Iraq, a Wholly Owned Subsidiary of Halliburton by SignyM

REAL WORLD EVENT DISCUSSIONS

Iraq, a Wholly Owned Subsidiary of Halliburton

POSTED BY: SIGNYM
UPDATED: Friday, August 6, 2004 09:52
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Friday, August 6, 2004 9:52 AM

I believe in solving problems, not sharing them.

Paul "Of the Hundred Orders" Bremer issued some doozies. These CPA orders establish Iraqi coporate taxes (low), tarrifs (none), ownership (foreign), liabilities (none), auditors (USA-appointed) and locale of adjudication (USA) for foreign busineses operating in Iraq. The orders are still in force.
http://www.latimes.com/news/opinion/commentary/la-oe-juhasz5aug05,0,77
93453.story?coll=la-news-comment-opinions

In addition, $2B in Iraqi oil revenues were directly transferred to Halliburton to avoid USA Federal contracting scrutiny. Contracting corruption (at the USA end) is rampant.

Now, since apparently the US troops secured the oil assests first but let the rest of the infrastructure go, and "reconstruction" funds are being diverted to Halliburton, do you suppose that Iraqis may have a reason to feel just a bit... pissed?

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