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Showing posts with label treuhand. Show all posts
Showing posts with label treuhand. Show all posts

Tuesday, August 12, 2008

the rich just get right on richer

and the evil ones go right on getting more and more evil. what is most horrible about this is, these people are charged with PROTECTING AMERICAN LIVES (at the very least). they've effed up way more than once and NOT by a little smidge either. yet we keep pouring money down their throats and lying for them (and about them). i want justice and i want the truth

Halliburton's Hidden Treuhand
by: Shelley Stark, t r u t h o u t
Halliburton takes advantage of a European loophole that lets corporations hide beneficiaries and assets.

Little is known of a customary European legal practice that offers corporations and individuals an opportunity to profit from assets while maintaining complete anonymity of the beneficiary's identity. This practice is referred to as "Hidden Treuhand" in the English language. The practice of Hidden Treuhand submits to legal local customs in Austria, Germany, Liechtenstein, Luxemburg and Switzerland, but due to globalization, has moved beyond European borders via corporations and individuals, who put it to personal use...........


...........Given these attributes, it is alarming when a Hidden Treuhand is discovered in a subsidiary that is fully owned by Halliburton USA. Halliburton's Hidden Treuhand is evident in the firm's corporate records. Halliburton International GmbH was created in Austria in June of 1992, although another subsidiary, at the same address, was in existence in Austria since 1958. The new subsidiary, Halliburton International GmbH, has no apparent reasons for existing other than to house a Hidden Treuhand in its corporate structure, receive dividends from other subsidiaries and acquire other subsidiaries. This firm has no employees. It creates no income. Another company, Halliburton Company Austria GmbH, at the same address, could have equally performed whatever function this subsidiary has, but it has no Hidden Treuhand. The obvious conclusion is Halliburton USA needed a subsidiary with a Hidden Treuhand.........