By CITY & FINANCE REPORTER FOR THE DAILY MAIL
Royal Dutch Shell is in talks with the Australian government after it was hit with a £415m tax bill.
The Australian Taxation Office claims the Anglo-Dutch oil major avoided paying tax on its 27 per cent stake in the £16.5 billion Browse gas project in seas off the coast of Western Australia.
Court documents show Shell’s primary company in the country, Shell Energy Holdings Australia, has been in a dispute with the tax body for six years over the issue, the Guardian reported.
But the Browse gas project has never been drilled into, though Shell argued it ‘used’ it by keeping it in reserve and ready for business.
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