Tuesday, July 20, 2004

Helliburton under investigation. Again.

A grand jury issued a subpoena to oil field services company Halliburton Co. seeking information about its Cayman Islands unit's work in Iran, where it is illegal for U.S. companies to operate, Halliburton said on Monday.
  article

Do they do anything legally?

Their Cayman Islands unit. Would that be a unit set up in the Cayman Islands to avoid paying U.S. taxes?

In a report issued in October 2003 in response to shareholder complaints about its Iranian links, Halliburton said it was not illegal for U.S. companies' independent foreign subsidiaries to conduct business in Iran, and that it had taken steps to isolate its U.S. operations and managers from its work there.


Oh, well, that's okay then.

....besides....do what you want....you will anyway.

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