While others fought, Halliburton made a lot of money on a no-bid contracts in Iraq. No-bid contracts are highly unusual in government but it helps when your former CEO is now the vice president. Today, it was announced the corporate headquarters of Halliburton has been moved to Dubai, United Arab Emirates. The CEO went on to explain that the company will maintain an office in Houston.

In my opinion, the purpose of this move is to avoid taxes. David Cay Johnston wrote a great book called "Perfectly Legal." It explains how wealthy corporations move their headquarters away from the United States to countries in which they will pay little or no taxes. Mr. Johnston points out that these companies still get contracts from the U.S. government. Recently, Congress tried to correct this practice but as they say, "money talks."

In the news item, it was stated that Halliburton's "announcement appears to signal one of the highest-profile moves by a U.S. corporate leader to Dubai, an Arab boomtown where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws." It looks like this is just another patriotic company that is moving out of the U.S.

UPDATE: Congress will investigate the Halliburton decision to move its headquarters to Dubai. Charles Schumer said: "For one of the largest contractors with the United States government to move its headquarters overseas? [It] just doesn't look good, doesn't sound good, doesn't smell good."