Posted on April 4, 2003 by shackerHappier Times Saddam and George in the halcyon days of yore, as college buds yukking it up.
One Reply to “Happier Times”
ya, don’t forget Brother Dick supplying the keg:
“Access to Evil — business dealings in Iraq, Iran, and Libya: News reports suggest that Pentagon is currently using the Iran-Libya Sanctions Act (ILSA) to draw up a blacklist of non-US companies that have done business in Iran. Yet, Halliburton has conducted Business in Iran through subsidiaries. When Cheney was CEO of Halliburton, he inquired about an ILSA waiver to pursue oil field developments in Iran. In 1997, Halliburton subsidiary Halliburton Energy Services paid $15,000 to settle Department of Commerce allegations that the company had broken anti-boycott provisions of the U.S. Export Administration Act for an Iran-related transaction. Halliburton recently agreed to evaluate its operations in Iran, after the Securities and Exchange Commission rebuffed the company’s request to dismiss a New York City police and fire pension funds shareholder proposal for the company to examine its role in Iran.
Also forgotten is that story about how Cheney’s Halliburton did business with Saddam. According to the Washington Post, “Halliburton held stakes in two firms that signed contracts to sell more than $73 million in oil production equipment and spare parts to Iraq while Cheney was chairman and chief executive officer.”
Halliburton has also done business in Azerbaijan, Burma, Indonesia, Libya and Nigeria. As Dick Cheney once said, “The good Lord didn’t see fit to put oil and gas only where there are democratic regimes friendly to the United States.”
Tax Havens: Under Cheney’s tenure, the number of Halliburton subsidiaries in offshore tax havens increased from 9 to 44. Meanwhile, Halliburton went from paying $302 million in company taxes in 1998 to getting an $85 million tax refund in 1999.
All told, the IRS loses about $70 billion a year in offshore tax sheltering by corporations and wealthy individuals – almost enough to cover the $75 billion Bush has asked for to cover the first six months of war. ”