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Shell pays zero UK corporate income tax

By Pat Sweet

Pat Sweet

Reporter, Accountancy Daily, published by Croner-i Ltd

View profile and articles.

Anglo Dutch giant Royal Dutch Shell paid no corporate income tax in the UK in 2018 but claimed nearly £90m in tax reliefs

The company reported $731m (£557m) of profit before tax on revenues of $108bn and took over $115m (£87m) in tax reliefs related to North Sea oil platform decommissioning.

The figures are included in the company’s first tax transparency report detailing the corporate income tax that Shell companies paid in countries and locations around the world in 2018.

The tax contribution report provides information about the corporate income tax Shell paid in countries and locations in which it has a taxable presence across all its businesses, broken down on a country by country basis. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Telegraph: Shell admits to paying no UK corporate tax last year

: 17 DECEMBER 2019 

Royal Dutch Shell has revealed that it paid no corporate income tax in the UK in 2018 despite raking in $731m (£557m) of pre-tax profit on revenues of $108bn in the country.

The new report, published on Tuesday, is the first time the oil and gas titan has released public details of the corporate income tax paid in countries and locations across all its businesses. 

Shell said it would disclose the amount paid in an attempt to be “more transparent”.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

FT: Shell reveals it paid no UK corporate income tax in 2018

Royal Dutch Shell paid no corporate income tax in the UK in 2018 despite the oil and gas group generating pre-tax profits of nearly $731m, after receiving tax refunds related to the decommissioning of North Sea oil platforms. The figures, published in a report by the Anglo-Dutch company showing a global breakdown of payments, come after it said it would voluntarily disclose how much tax it pays in each country as part of a broader transparency drive. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell publishes new Tax Contribution Report

Royal Dutch Shell (Shell) has published a new report detailing the corporate income tax that Shell companies paid in countries and locations around the world in 2018.

WEBWIRE – Tuesday, December 17, 2019

“Transparency is important for Shell – showing who we are and what we do is one of the best ways we can demonstrate the many contributions we make to society,” said Jessica Uhl, Shell Chief Financial Officer. “We hope that this report will help to create a better understanding of our businesses and the taxes we pay.”

The Tax Contribution Report provides information about the corporate income tax Shell paid in countries and locations in which we have a taxable presence across all our businesses. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell Group paid no income tax in the Netherlands last year

English translation of an article published today by the Dutch FT

Shell makes little use of tax havens

BY Laurens Berentsen: 17 Dec 2019

In Brief

  • Shell was discredited last year because it does not pay tax on the profit it makes in the Netherlands.
  • The oil company gives openness today about how much income tax was paid in 2018 in the 99 countries in which it operates.
  • Tax director Alan McLean: more openness and facts lead to a better discussion about the tax behavior of the multinational.

The first public report in which Shell shows how much tax it pays per country disproves the image that the oil company is evading tax on a large scale. Less than 5% of the profit ($ 35.6 billion in 2018) is in notorious tax havens.

Shell chooses its locations for economic and not just for tax reasons, the company states in the report, which appears Tuesday. Critics will contradict this, tax director Alan McLean realizes.

Shell became discredited last year when it became known that the company does not pay taxes on the profit it makes in the Netherlands. The tax report, which Shell is publishing today, states that the company made a profit of about half a billion euros in the Netherlands in 2018, including refining and the sale of petrol. Also last year the group paid no income tax in the Netherlands. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

LAW360: EU Investigating Dutch Tax Rulings Granted To Shell

EU Investigating Dutch Tax Rulings Granted To Shell

By Matt Thompson · December 4, 2019, 1:01 PM ESTShell has been placed under investigation by the European Commission for possibly illegal tax rulings granted by the Netherlands, the company confirmed Wednesday.

The European Union’s enforcement arm is looking into…

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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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