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Trump tax reforms will help boost oil business, says Shell

The group said it will provide details of the impact of the new US tax changes in its full-year results in February

Oil giant Royal Dutch Shell has said President Donald Trump’s US tax reforms are set to boost the group and its US business thanks to next month’s cut in corporation tax. The group said the 1 January changes – largely the move to slash US corporation tax from 35 per cent to 21 per cent- are expected to be “favourable” for the group but will impact its fourth-quarter results. FULL ARTICLE

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