CR pulls together the story on Dubai. The economy is in free fall, and anyone there who reports on that fact can be sent to prison. Property values are falling, construction sites are abandoned — hell, 3000 cars are abandoned at the airport because if you are a debtor, you go to jail.

In 2007, Halliburton moved its HQ to Dubai to avoid paying taxes in the US. The value of the company has collapsed since.

Is the CEO of Halliburton a debtor? Will he go to prison, or is his limo parked at the airport? If they try to come home to the US, do they have to pay back taxes?

What happens next?

lobster

lobster

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