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Subject:
Companies with War Contracts.
Category: Business and Money > Economics Asked by: tbill-ga List Price: $50.00 |
Posted:
12 Dec 2004 03:07 PST
Expires: 11 Jan 2005 03:07 PST Question ID: 441545 |
Are there corporations that are considered American and have recieved war contracts from the US but have incorporated in places like the Bahamas to avoid paying US taxes? If they exist, can I get five to ten names? Is Haliburton one of them? |
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Subject:
Re: Companies with War Contracts.
Answered By: thx1138-ga on 12 Dec 2004 11:18 PST |
Hello again tbill, and thank you for your offer for me to post my comments as the answer. One site in particular which should help you is the USAID website which awards contracts, this page for example is regarding Iraq. "Contracts and Grants USAID has awarded sixteen contracts and six grants for reconstruction work in war-torn Iraq. Seven draft procurement actions have been announced but not yet awarded. Each of the awards may require subcontract work or the hiring of additional employees. USAID prime contractors select their own subcontractors or employees. For information concerning employment or subcontracting opportunities, you should contact the prime contractor directly. To see a forecast of upcoming solicitations, please see the Iraq Business Forecast. For more information about doing business in Iraq, please view our resource page on commercial opportunities in Iraq. For information about positions available at the USAID Mission in Iraq, please see the Employment Opportunities page." http://www.usaid.gov/iraq/activities.html Another interesting article regarding contracts in Iraq... http://www.constructionweblinks.com/Resources/Industry_Reports__Newsletters/April_21_2003/iraq_reconstruction.htm Additional info: "USAID partner Bechtel?s building rehabilitation programs are a major source of employment for Iraqi contractors and individuals. Bechtel has hired 69 Iraqi subcontractors, employing over 27,000 people.Subcontracts to Iraqi firms total $47.4 million and comprise 44.4 percent of the value of total subcontracts (up from 37.8 percent last week)" http://www.usaid.gov/iraq/updates/sep03/iraq_fs64_091103.pdf As the question has now been answered by me, it requires no further action on your behalf (unless oyu wish to rate the answer.) Thank you for your question, and if you need any clarification of my answer, do not hesitate to ask before rating my answer. Very best regards. THX1138 Search strategy included: contracts iraq foreign halliburton ://www.google.com/search?hl=en&lr=&as_qdr=all&q=contracts+iraq+foreign+halliburton |
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Subject:
Re: Companies with War Contracts.
From: thx1138-ga on 12 Dec 2004 06:18 PST |
Hello tbill, As far as I can see all the companies that have been awarded `War contracts` are US companies (when I say US companies, I mean they are registered/incorporated in the US) and Halliburton was incorporated in Delaware in 1924. "Halliburton Company was established in 1919 and incorporated under the laws of the state of Delaware in 1924." http://411stocks.stockselector.com/stocks.asp?symbol=HAL For further information see.. "The bidding process has been criticized for including only a handful of companies, some with substantial political clout and none of which is based outside the United States. USAID officials said the recent invitations to bid on reconstruction contracts went to U.S. corporations for security reasons, and that foreign companies may compete for subcontracting work, Bloomberg News reports." http://www.opensecrets.org/news/rebuilding_iraq/index.asp Also see "Post-War Contractors Ranked by Total Contract Value in Iraq and Afghanistan From 2002 through July 1, 2004" http://www.publicintegrity.org/wow/resources.aspx?act=total Very best regards THX1138 |
Subject:
Re: Companies with War Contracts.
From: tbill-ga on 12 Dec 2004 07:38 PST |
OK - So, with your help, and from what I read, there are contractors that are based offshore and have recieved contracts from the US Government. But, as far as war contracts are concerned, they must be US based in the US. Do you agree? |
Subject:
Re: Companies with War Contracts.
From: thx1138-ga on 12 Dec 2004 08:05 PST |
Hello again tbill I seem to recall whilst researching your question that companies can subcontract jobs to non US companies if the value of the work is below US$500,000 (half a million) (I`m not absolutely sure I recall this figure correctly, and further research would be required) Q. "But, as far as war contracts are concerned, they must be US based in the US. Do you agree? " A. Yes I agree (assuming we mean the large rebuidling/infrastructure/security contracts) Infact, I know that Bechtel (A US company) gave a contract to an Iaqi company which had a value of nearly $700 million. (I know this figure is contrary to what I said in my first paragraph, but that`s how I remember the maximum value) All of the companies that have bee awarded the major contracts are certainly US registered/based. (I`m sure they are too smart to try and avoid tax payments by claiming to be based outside of the USA. After all, they would disqualify themselves from tendering for some very lucrative contracts!) If you would like to rephrase your question, I would be more than happy to carry out research for you. Very best regards THX1138 |
Subject:
Re: Companies with War Contracts.
From: thx1138-ga on 12 Dec 2004 08:20 PST |
My apologies when I said... "Infact, I know that Bechtel (A US company) gave a contract to an Iaqi company which had a value of nearly $700 million." The contract worth nearly $700 million was awarded to Bechtel and NOT an Iraqi company. Basically the answer to your original question... "Are there corporations that are considered American and have recieved war contracts from the US but have incorporated in places like the Bahamas to avoid paying US taxes?" Is no. Very best regards THX1138 |
Subject:
Re: Companies with War Contracts.
From: tbill-ga on 12 Dec 2004 08:52 PST |
I appreciate your help and accept your comments as the answer. You gave me valuable information. How do I conclude this? |
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