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Dutch MPs revive plan for exit tax to deter Shell move

THE TIMES

Dutch MPs revive plan for exit tax to deter Shell move

A plan by the Dutch government to try to persuade Royal Dutch Shell to retain its Netherlands headquarters by scrapping a dividend tax has been abandoned after failing to garner enough support.

Opposition Dutch MPs are, however, seeking to revive alternative plans to impose an “exit tax” that could run to billions of pounds in an attempt to deter Shell from leaving by punitive means.

The Anglo-Dutch oil group provoked a furious backlash in the Netherlands on Monday when it announced it would move its tax residence and headquarters to the UK, where it is incorporated, in a plan to end its dual share structure.

Shell said it wanted to unify its A and B shares because the present system constrained its ability to do…

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