The Sunday Times (UK): Shell move robs UK investors
“When the oil giant merged, British investors in the Dutch arm of the firm lost up to 25% of their holdings…”: “Many are elderly investors who have held the shares for decades and face tax bills of tens of thousands of pounds after their stock was converted into shares of the unified company, Royal Dutch Shell.”
Sunday 11 Sept 2005
When the oil giant merged, British investors in the Dutch arm of the firm lost up to 25% of their holdings, writes David Budworth
THOUSANDS of UK shareholders in Royal Dutch face an estimated £77m capital-gains-tax bill following its unification with Shell Transport & Trading, and the oil giant is being urged to offer compensation.
Many are elderly investors who have held the shares for decades and face tax bills of tens of thousands of pounds after their stock was converted into shares of the unified company, Royal Dutch Shell.