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Posts under ‘Shell Tax Avoidance’

Shell, Philippines’ $1.2B Tax Dispute Heads To World Bank

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By Bryan Koenig

Law360, Washington (July 21, 2016, 6:30 PM ET) — A Royal Dutch Shell PLC unit on Wednesday took its $1.2 billion tax recalculation dispute with the Philippines’ Commission on Audit over the gas-to-power Malampaya project the company operates to a World Bank arbitration dispute body.

The International Centre for Settlement of Investment Disputes records show that Shell Philippines Exploration BV initiated the arbitration proceedings, registered Wednesday, against the Republic of the Philippines over the taxation of a hydrocarbon concession. read more

Multinationals already working the angles on ‘Google Tax’

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“We are aware of taxpayers seeking to use artificial and contrived interim arrangements with the sole aim of avoiding a potential MAAL liability from January 1, 2016,” the ATO said in a taxpayer alert.

In 2014 Shell Australia paid $534 million in finance costs on $12.7 billion of debt owed to offshore Shell companies. But its submission to the Senate tax inquiry showed that while it paid that $169 million interest to a Bermuda associate, the biggest cost was $260.7 million paid to a Shell company in Luxembourg for cross-currency interest rate swap costs. read more

Shell, Agip, Chevron tax evaders, Gov Dickson writes Buhari

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Okafor Ofiebor/Port Harcourt: 21 April 2016

The face-off between Bayelsa State government and multinational oil companies deepened on Thursday with Governor Henry Seriake Dickson, seeking the intervention of the Presidency over tax evasion, flagrant disregard of laws and non-compliance with the rules and regulations of the country.

A press statement from Bayelsa Govt House named the companies that evade tax as Shell Petroleum Company of Nigeria Limited (SPDC); Nigerian Agip Oil Company Limited (NAOC); Chevron Nigeria Limited (CNL); Consolidated Oil (CL); Conoil Producing; Brass LNG and Aiteo Energy. read more

LIVELY POSTINGS ON SHELL BLOG 1 FEB 2016

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“TEXVETTE”

Looks like Marvin Odum was stripped of key responsibilities and placed in a lame Role. Ironically he will have to clean up the messes he left in Alaska and Unconventionals. A bit of Karma, but he should no longer be on the payroll after all his major mistakes.

“OUTSIDER”

The merger of Shell T&T and Royal Dutch in 2004 resulted in a major loss to the UK exchequer, as the taxes previously paid by Shell T&T went to the Dutch government instead. Presumably the taxes previously paid by BG will now go to the Dutch government too? read more

Six British multinationals ‘did not pay any UK corporation tax in 2014’

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CHLOE FARAND: 31 JAN 2016

Lloyds, brewer SABMiller and drugs company AstraZeneca were also among the six multinationals not to have paid any corporation tax in 2014, reports the Sunday Times

The same year, the six British companies made a combined global profit of £30bn. 

Shell used a complex corporate structure, a company branch in Switzerland, with hardly any tax rates, and tax havens such as Bermuda to reduced its tax payments. 

In 2014, it paid no UK corporation tax but made a global profit of £19.87bn writes the Sunday paper.  read more

Zero tax bill for UK big six

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AT LEAST six of Britain’s 10 biggest multinationals — including Shell, British American Tobacco (BAT) and Lloyds Banking Group — paid no UK corporation tax in 2014 despite combined global profits of more than £30bn.

The oil giant Shell is just one of the multinationals with an outpost in Zug, a Swiss canton with rock bottom rates. From there, it licenses its trademarks around the world.

FULL ARTICLE

Shell Philippines says will exhaustively challenge 53.14 billion peso tax claim

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MANILA | BY NEIL JEROME MORALES: Fri Dec 18, 2015

The Philippine unit of Royal Dutch Shell (RDSa.L) will exhaust all legal means, including international arbitration, to challenge a 53.14 billion peso (£751.8 million) tax claim against its Malampaya natural gas project, a company official said on Friday.

Shell Philippines Exploration B.V, is the operator of Malampaya in the southwestern Philippines, along with partners, Chevron Malampaya LLC, a unit of the U.S. energy firm (CVX.N) and the Philippines’ state-owned PNOC Exploration Corp. read more

ROYAL DUTCH SHELL TAX AVOIDANCE INDEX

Outspoken articles about Shell

Outspoken articles about Shell up to end of 2016

For Jan 2017 onwards click here

Dan Etete turns on his accomplices Eni and Shell: 30 Dec 2016

Alarm Bells – Shell Pearl GTL gasifiers crippled?: 28 Dec 2016

Shell’s complicity in human rights abuses in the Niger Delta: 27 Dec 2016

ENI AND SHELL TO BE PROSECUTED OVER OPL 245 $1.1 BILLION CORRUPTION SCANDAL: 24 Dec 2016

A devastating blow for Shell in U.S. Federal Court: 23 Dec 2016

Explosive allegations around Shell and Eni’s OPL 245 deal: 23 Dec 2016

Obama’s April Fool’s Joke Approving Shell Arctic Drilling: 22 Dec 2016

RoyalDutchShellGroup.com for Shell Breaking News:21 Dec 2016

THE OPL 245 SCANDAL INVOLVING SHELL: 21 Dec 2016

Corruption of Police by Shell: 16 Dec 2016

Shell cost-cutting plan will undermine the welfare of its pensioners: 12 Dec 2016

Shell Canada President Michael Crothers says Canada should stick to its values: 29 Nov 2016

Pleased to assist Leigh Day in Suing Shell says John Donovan: 22 Nov 2016

21st Anniversary Commemoration of Ogoni Martyrs: 12 Nov 2016

LIVING IN TRUMPWORLD: 11 Nov 2016

The Uncensored History of the Shell Brent Oil and Gas Field: 9 Nov 2016

Award for deadly Corrib Gas Project: 8 Nov 2016

Irish Police, Shell, Corruption and Alcohol: 7 Nov 2016

No credibility in Shell Peak Oil Forecasts, says John Donovan: 3 Nov 2016

Hearing on Royal Dutch Shell: Committee Room 1, House of Commons Wednesday 2 November 2016: 1 Nov 2016

Lament for Royal Dutch Shell: 14 Oct 2016

CORRUPT IRISH POLICE FORCE: THE GARDA: 10 Oct 2016

Australian Government unconvinced about FLNG safety claims: 28 Sept 2016 read more

Shell pumped $20 billion a year from motorists but paid no company tax

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Screen Shot 2015-07-31 at 19.22.09Michael West: 9 August 2015

For the third year on the trot, Shell service stations generated billions of dollars and revenue but not a cent in company tax. In fact the owners of the sunny yellow servos reported tax benefits in all three years despite total sales which may be in excess of $60 billion.

This is an incredible situation for a nationwide network of services stations as well as a large refinery which makes up the “downstream” division of the global oil brand.

Shell last year sold its downstream business in Australia including its Geelong refinery, a portfolio of 870 petrol stations and other assets to Dutch oil group Vitol.  read more

Federal Agency Dings Shell for Oil Rig Mishap in Arctic

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Screen Shot 2015-05-29 at 07.50.48Federal Agency Dings Shell for Oil Rig Mishap in Arctic

ANCHORAGE, Alaska — May 28, 2015: By DAN JOLING Associated Press

As Royal Dutch Shell PLC seeks permits for exploratory oil drilling off Alaska’s northwest coast, a federal agency has concluded the company underestimated risk the last time it moved drill rigs to Arctic waters.

A National Transportation Safety Board report issued Thursday said the probable cause of the grounding of the company’s mobile drilling vessel, the Kulluk, in 2012 was “Shell’s inadequate assessment of the risk for its planned tow” across the Gulf of Alaska. read more

Shell has major hurdles to clear before Chukchi drilling resumes

Screen Shot 2015-03-12 at 09.08.40Yereth Rosen Alaska Dispatch News: April 4, 2015

Shell has major hurdles to clear before Chukchi drilling resumes

Now that the Department of the Interior has, for the second time, affirmed the record-breaking Chukchi Sea lease sale it held seven years ago, is it smooth sailing for Royal Dutch Shell and its plans to drill this year on leases purchased in the sale?

Not so fast.

Shell, which spent over $2 billion on Chukchi leases, has already spent about $6 billion in total on its Alaska program and has ambitions for transforming the remote and undeveloped waters off Northwest Alaska into a major oil-producing region, still must clear several hurdles before it is given permission to sink a drill bit into hydrocarbons lying beneath the seafloor. read more

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