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Dutch government to reform business tax rules

Associated Press: NEWS Sept 17, 2019
THE HAGUE, NETHERLANDS —

The Dutch government said Tuesday it plans to reform a business tax rule that allows wealthy multinationals to reduce the amount of tax they pay on their profits.

The government said the plan, which has to be passed by parliament, will generate 265 million euros ($292 million) per year in new income.

The announcement follows public outrage at revelations this year that some multinationals paid little or no tax on their profits.

Royal Dutch Shell confirmed in May that it paid no tax in the Netherlands last year on its profits, apart from at a natural gas joint venture, because it was able to offset profits with losses and costs made elsewhere in the world. read more

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Dutch FT: Shell in conflict with Australian tax authorities

The British-Australian newspaper The Guardian discovered that Shell Energy Holdings Australia is trying to “get under” *(evade/dodge/escape/deflect?) the bill through the courts.

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

Shell in conflict with Australian tax authorities

Maarten van Dun: 27 August 2019

Pedestrians walk past a Shell station in Melbourne. Photo: Carla Gottgens / Bloomberg

Shell has appealed against a decision by the Australian tax authorities. The ATO believes that Shell should pay back a tax benefit of A $ 755 million, converted to € 460 million. The Anglo-Dutch oil company wants to get rid of this tax assessment through the courts.

Shell received the tax assessment from the Australian Taxation Office (ATO) for its share in Australia’s largest gas field, the Browse project. That field is off the coast of Western Australia and has an estimated value of A $ 30 bln. Shell has a 27% share in the gas field, which has been developing for fifteen years. However, production has never started due to the low global gas prices. Since 2016, the work has stopped completely. read more

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Shell in talks with Australian government after receiving £415m tax bill

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. read more

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Shell Sued by Australian Tax Office Over Browse Stake

Matthew Burgess and Franz Wild: Bloomberg: August 25, 2019

(Bloomberg) — Royal Dutch Shell Plc has been sued by Australia’s tax authority as the agency pursues multinational companies over tax avoidance, the Guardian reported.

The Australian Taxation Office has been battling with Shell’s local subsidiary for six years regarding the tax treatment of its stake in the Browse gas project off the country’s northwest coast, the newspaper reported, citing court documents. The bill, estimated at A$755 million ($510 million), relates to a dispute over A$2.2 billion in tax deductions for the project, the newspaper said. 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

ATO slugs Shell with $755m bill in fight against multinational tax avoidance

The Australian Taxation Office has hit the British-Dutch oil giant Shell with a bill estimated at $755m as it continues to pursue multinational resources giants over claims they have avoided paying tax on offshore gas projects.

Court documents reveal Shell’s main Australian company, Shell Energy Holdings Australia, has been fighting the ATO for six years over tax on the company’s stake in the $30bn Browse gas project off the coast of north-west Western Australia.

The ATO’s pursuit of Shell is part of a broader effort to shake money out of big oil and gas projects that one of the authority’s most senior officials says has brought forward tax revenue by a decade. 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 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

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 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

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

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

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 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

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 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

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 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

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 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

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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