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Diminishing Shell in Australia

Screen Shot 2013-12-10 at 09.33.03Extracts from a Sydney Morning Herald article by Michael West published 2 June 2014 under the headline: “Is petrol producer an empty Shell?”

Suffice to say that Shell has contributed to the Australian economy in a big way over the years. Not quite so big any more, though. Shell Australia has become less an Australian company now than a figurine for its foreign parent. One corollary of this is that it is paying less tax. Shell, like other large corporations, is mimicking the aggressive tax practices of Google and the multinational new guard, and the implications for Australia’s tax base are menacing. If you look at Shell’s website, you will find that it calls itself Shell in Australia. It used to be Shell Australia. The word ‘‘in’’ is a small word but powerfully redolent of what has changed. This is no longer an Australian company in mind and management.

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