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Dutch lawmakers step up tax demands on multinationals, including Shell

Parliamentarians voted on Tuesday to establish an expert commission to examine how to make taxing multinationals “more fair” after Netherlands-based Shell recently acknowledged it had paid virtually no Dutch corporation tax in 2018. Royal Dutch Shell refused to release details of its unique advance tax ruling with the Dutch government at a recent hearing of a parliamentary panel on taxation.

By John O’Donnell and Toby Sterling

THE HAGUE (Reuters) – Dutch lawmakers have launched an inquiry into how to make multinationals pay their fair share of tax, after public criticism that government reforms do not go far enough.

Scores of multinationals use the Netherlands to pare their tax bills but the Dutch, who bore tax hikes after the financial crisis, are growing increasingly hostile to minimising company tax, which is legal and has gone unchallenged for decades.

Parliamentarians voted on Tuesday to establish an expert commission to examine how to make taxing multinationals “more fair” after Netherlands-based Shell recently acknowledged it had paid virtually no Dutch corporation tax in 2018. Royal Dutch Shell refused to release details of its unique advance tax ruling with the Dutch government at a recent hearing of a parliamentary panel on taxation. read more

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Shell Say Dutch Tax Break Not Politically Viable

May 29, 2019, 7:59 PM

Senior executives from Netherlands-based Royal Dutch Shell Plc and Koninklijke Philips NV have admitted the tax regimes that allowed them to pay no, or very little, tax are no longer publicly palatable—but they want to work with lawmakers to improve investment appeal.

“If people in this country are unwilling to accept that the outcome of the laws that you have made is that companies like mine don’t pay taxes, then I think you have an obligation” to think about what… read more

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Reuters: Shell pledges to reveal the taxes it pays in every country

“I understand that for many people… being seen to make profits here in the Netherlands and not having any profit to pay tax on can be odd.”

29 MAY 2019: AMSTERDAM (Reuters) – Oil and gas giant Royal Dutch Shell PLC will disclose how much tax it pays in every country in which it operates, an executive told a Dutch parliamentary panel on Wednesday, in a report to be published later this year.

Shell’s vice president for taxation Alan McLean made the promise at a hearing on taxation of multinationals called by parliament after reports emerged last year that Shell does not pay any corporate tax in the Netherlands, despite being headquartered in The Hague.

Ahead of Wednesday’s panel, Shell disclosed that it does not pay Dutch corporate taxes apart from at its NAM gas subsidiary, a joint venture with Exxon.

Worldwide, Shell reported it paid $10 billion (7.92 billion pounds) in corporate tax in 2018 and that it had an effective tax rate of 33 percent.

However, in the relatively small Dutch market it was able to use deductions on loss-making operations elsewhere to reduce its corporate tax bill to zero.

“When there’s a loss there’s no profit tax to be paid, so the arithmetic is simple,” Alan McLean told sceptical lawmakers. read more

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Shell admits paying no Dutch income tax: zilch, zero

English translation of a Dutch article by…

Shell confirms: no income tax paid in the Netherlands

Shell does not pay income tax in the Netherlands. Earlier reports about this in the media are correct, say Dutch Marjan van Loon and executive vice-president taxation Alan McLean this week in Elsevier Weekblad.

Although Shell Nederland makes an annual profit – in 2016 and 2017 respectively 1 and 1.3 billion euros – the company is on balance loss-making “as a natural consequence of the Dutch tax system,” says McLean in Elsevier Weekblad. He and Van Loon say that Shell “fairly pays taxes in the Netherlands, both in the letter and in the spirit of the law”. read more

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Shell Nederland admits paying no tax on profits, due to Dutch system

MAY 22 2019

Anglo Dutch Oil and gas giant Shell has admitted paying no tax on profits earned in the Netherlands in an interview with current affairs magazine Elsevier.

In the interview, Shell Nederland president Marjan van Loon and Alan McLean, the multinational’s executive vice-president taxation, say that even though Shell Nederland makes a profit – €1.3bn in 2017 – the company is loss making, ‘as a natural consequence of the Dutch tax system’.

In the Netherlands Shell, McLean told the magazine, ‘pays fair tax in line with both the letter and the spirit of the law.’ read more

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DUTCH LEFT-WING PARTIES WANT SHELL TO PAY PROFIT TAX IN NETHERLANDS

By Janene Pieters on April 16, 2019 – 11:50

The left-wing opposition parties GroenLinks, SP and PvdA want multinationals like Shell to pay profit tax in the Netherlands. They are submitting a bill to achieve this to the Tweede Kamer, the lower house of Dutch parliament, later this week, NOS reports.

Currently large Dutch companies can still deduct losses they suffer abroad from the profit they made in the Netherlands. Newspaper Trouw previously reported that by doing so, Shell does not pay any profit tax at all in the Netherlands. read more

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Shell Netherlands CEO changes tune on tax avoidance appearance

AMSTERDAM (Reuters) – The chief executive of Shell’s Dutch business said on Thursday she is willing to attend a parliamentary panel on tax avoidance by multinational companies, but she will not discuss Royal Dutch Shell Plc’s tax filings.

Marjan van Loon had initially declined the invitation, saying it made more sense for the Netherlands’ business association to represent all taxpaying companies.

She then said she would attend the April 18 meeting after Dutch lawmakers insisted that a Shell representative should be present. read more

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Dutch MPs – Shell must attend hearing on tax avoidance

APRIL 10, 2019 / 5:40 PM

AMSTERDAM (Reuters) – Members of the Dutch parliament’s financial affairs committee on Wednesday said they will insist that Shell send a representative to attend a hearing on tax avoidance by multinationals next week.

Shell’s Dutch Chief Executive had previously declined an invitation, saying it made more sense for the Netherlands’ business association to represent all taxpaying companies.

But at a meeting of the committee on Wednesday, politicians of all parties said they wanted Shell to attend. Lawmaker Pieter Omtzigt said in a statement the parties had unanimously asked parliament’s chairwoman to “forcefully” ask Shell to come. read more

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Shell is not above the law on paying tax says Dutch lawmaker

Shell refuses to come. That reinforces the suspicions that it is avoiding tax on a large scale, “says Nijboer. According to him, companies like Shell should respond to a request from the House of Representatives. “Shell is not above the law.”

Printed below is an English translation of an article published today by the Dutch FT, Financieele Dagblad.

Shell refuses to account in the Chamber for tax assessment

Van onze correspondent: 10 April 2019

Shell refuses to appear next week at a hearing from the House of Representatives on the taxation of multinationals. Marjan van Loon, CEO of Shell Netherlands, informed the Standing Committee on Finance that had invited her to know that she had to deal with a representative of the VNO-NCW entrepreneurial organization.

In the Chamber, Henk Nijboer from the Labor Party responded indignantly. “It is unprecedented that Shell refuses to come. That reinforces the suspicions that it is avoiding tax on a large scale, “says Nijboer. According to him, companies like Shell should respond to a request from the House of Representatives. “Shell is not above the law.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell tax dodging in the Netherlands

‘Shell wants to be as transparent as possible, but we can not force ourselves to throw confidential information on the street on the basis of anonymous sources.’

Shell keeps profit tax in the Netherlands secret

Laurens Berentsen

Shell does not answer the question of whether it pays corporation tax in the Netherlands in addition to the income tax on gas extraction by the NAM. The oil company does not want to confirm or deny reporting on this in the newspaper Trouw. However, it can be concluded from the annual reports of Shell companies that the company does not pay tax on its profits in the Netherlands.

‘Shell wants to be as transparent as possible, but we can not force ourselves to throw confidential information on the street on the basis of anonymous sources.’ This is the reaction of CEO Marjan van Loon of Shell Nederland to the message from Trouw that the British-Dutch multinational does not pay any profit tax in the Netherlands. While Shell does make a profit in the Netherlands, even if the NAM remains out of consideration. For example, with its chemical plant in Moerdijk, the refinery in Pernis and petrol stations along the motorways. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Opposition Lawmaker Demands Probe into Netherlands-Shell Tax Deal

By Linda A. Thompson: June 27, 2018

A Dutch opposition lawmaker is pushing the government to launch a parliamentary inquiry into Shell, calls that follow criticism of the oil giant’s past deals with the tax authority.

Jesse Klaver, the leader of the Dutch Greens, is specifically focused on a 2004 tax ruling the tax authority issued to Royal Dutch Shell Plc. A parliamentary inquiry would be lawmakers’ only shot to question Shell executives about the deal, and would be the latest development in scrutiny of the company’s tax planning. read more

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Debate Over Netherlands’ Tax Treatment of Shell Heats Up

June 20, 2018

By Linda A. Thompson

Practitioners are divided over whether an agreement between Shell and the Dutch tax administration breaks EU government aid rules. The debate has heated up in recent days after an article released June 18 by a Dutch academic claimed Royal Dutch Shell Plc avoided a tax on dividends by routing shares through a trust in the Channel Island of Jersey. Shell didn’t immediately return a request for comment. FULL ARTICLE

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Corruption running through the veins of Shell

POSTING ON SHELL BLOG BY “SNIPER” 20 JUNE 2018

There’s a bit of pattern here. Corruption seems to be running through the veins of Shell. We see in all these recent tax articles how they seem to be snuggled up in bed with the Dutch Government. Will anything come of this? Of course not silly. It has been going on for years. There is even a department called Government Relations which is staffed by – yes you guessed it – former government employees. Where was Van Beurden a few days ago, for three whole days? The very secretive Bilderberg meeting in Turin (Guardian article by Charlie Skelton can be found on this website), along with many of the worlds elite businessmen and politicians, AND the Dutch king. The outcomes of the meeting were not something I saw on any of the Shell internal or external communication messaging. Funny that, seeing how they always share even the most mundane van Beurden news. So will Shell be brought to account for its actions in OPL? I somehow doubt it. But there is some hope. Will the real Slim Robinson please stand up. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell’s dubious tax arrangements

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad

Shell avoids the dividend tax via a tax haven, which would have cost the Dutch treasury – and therefore the taxpayer – at least € 7 billion… The intervention of a ‘trust’ on channel island of Jersey seems to underline the dubious character of the ‘deal’.

Pressing Rutte to exchange dividend tax increases

Ulko Jonker • Economics & Politics

The coalition saw the storm on Saturday morning early. Shortly after Jesse Klaver of GroenLinks repeated his call for a parliamentary inquiry into the ‘cesspool’ around the dividend tax, the parliamentary questions of the financial spokespersons of VVD, CDA, D66 and ChristenUnie were already under State Secretary Menno Snel van Financiën.

Reason: the disclosure by Trouw that Shell avoids the dividend tax via a tax haven, which would have cost the Dutch treasury – and therefore the taxpayer – at least € 7 billion. They want to clarify this week about ‘the complete ruling policy on the dividend tax of the past 15 years’. How much were they, what was the nature, content and period of validity? And has all rulings checked whether they comply with the laws and regulations? read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell hits back at criticism of tax structure

Shell hits back at criticism of tax structure

Reports allege oil group’s plan has cost Dutch treasury as much as £6.1bn in lost income

Shell has hit back at criticism of a tax structure it set up as part of a relocation of its headquarters from London to The Hague following reports that it has cost the Dutch treasury as much as €7bn (£6.1bn) in lost income. Calls have been made for the European commission to investigate the oil group’s tax affairs after reports claimed that a multibillion-euro bill has been avoided through the use of an offshore trust in Jersey since 2005. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

DUTCH GOV’T UNDER FIRE OVER TAX DEAL WITH SHELL

By Janene Pieters on June 18, 2018 

The Tweede Kamer, the lower house of Dutch parliament, wants the government to explain a controversial deal that Shell made with the Dutch tax authorities in 2005. As a result of this deal, Shell’s British shareholders are exempt from dividend tax in the Netherlands, through which the Dutch treasury lost out on over 7 billion euros, newspaper Trouw reported on Saturday. The Kamer now wants to know whether this tax deal is allowed under Dutch law, and whether any politicians were involved in making it, according to newspaper AD. SP leader Lilian Marijnissen called it a “stinky” deal. GroenLinks wants a parliamentary inquiry into dividend tax. And the four coalition parties – VVD, CDA, D66 and ChristenUnie – jointly submitted questions to State Secretary Menno Snel of Finance. FULL ARTICLE read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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