Waxman looking into Haliburton Move

More on the Haliburton move to Dubai from the Time-blog
When I said earlier it doesn't sound right, I guess I wasn't the only one. There's also more of this story at the Financial Times

Is this about tax breaks? Getting beyond the reach of congressional subpoenas? And what about all that sensitive information that Halliburton has had access to? At a minimum, reincorporating in Dubai would mean that Halliburton will be paying less taxes to the U.S. Treasury, even as it collects billions from government contracts.

The last paragraph of the FT story begins to answer the questions about Halliburton's, uh, interestingly timed decision to move its corporate headquarters:

Dubai has long positioned itself as a regional business hub, with a laisser faire attitude to business regulations. The government has launched several free zones allowing foreign firms to circumvent laws barring foreigners owning businesses.

Karen Tumulty from Time-blog also has this UPDATE: Henry Waxman is likely to hold a hearing on this, an aide tells me.

I am sure there will be more to this story.