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Posts Tagged ‘Tax Evasion’

Indian arm of Royal Dutch Shell accused of tax evasion

The Indian arm of Royal Dutch Shell Plc, which has been accused by the income tax authorities of underpricing an intra-group share transfer by Rs15,000 crore and consequently evading taxes, has filed a writ petition in the Bombay high court challenging the income tax order.

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Thu, Apr 25 2013. 05 57 PM IST

Mumbai/ New Delhi: The Indian arm of Royal Dutch Shell Plc, which has been accused by the income tax authorities of underpricing an intra-group share transfer by Rs15,000 crore and consequently evading taxes, has filed a writ petition in the Bombay high court challenging the income tax order.

The petition filed on Wednesday will come up for hearing on 3 May.

Mint reported on 3 February that following the notice, which is one of the biggest transfer pricing orders by the income tax department, Shell India Pvt. Ltd plans to challenge the assessment.
“Shell confirms that it has filed a writ petition in the Bombay high court challenging the draft tax order. Shell has always maintained that it will continue to evaluate all options for redress available to resolve this tax dispute,” the company in an emailed statement. 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 fraud and tax evasion in Ethiopia

The headquarters of Libya Oil Ethiopia Ltd, located on Aba Sebsib Avenue (Debre Zeit Road) in Gotera.

Oil Libya Ltd was ordered last week to pay 210 million Br in back taxes for the purchase of shares from Shell Ethiopia Ltd, to the Ethiopian Revenues and Customs Authority (ERCA).

Shell Ethiopia, which was established pursuant to the United Kingdom (UK) Companies Act, was engaged in the distribution of petroleum products in Ethiopia since 1948. Shell Petroleum, a London based company, was the major shareholder with 587,813 of the company’s total 587,817 shares. 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.

P684.6-million tax case against Pilipinas Shell Petroleum Corp

abs-cbnnews.com (Philippines): “Shell used fraudulently acquired tax-credit certificates to settle its liabilities with the government”

BIR appealing P.7-B case vs Shell; solons vow probe

By DAXIM LUCAS and JODEAL CADACIO

TODAY Reporters

18 August 04

The Bureau of Internal Revenue (BIR) will appeal the recent decision of the Court of Tax Appeals (CTA) to dismiss a P684.6-million tax case against Pilipinas Shell Petroleum Corp., one of two oil companies accused of using fraudulently obtained tax-credit certificates.

BIR officials declared their plan to appeal the case, as lawmakers denounced the apparent bungling by unidentified officials of several cases that caused the State to lose nearly P2 billion in collection cases, and vowed an investigation. 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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