Oil and gas giant Royal Dutch Shell PLC will disclose how much tax it pays in ev...
AMSTERDAM - 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.
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. “When there’s a loss there’s no profit tax to be paid, so the arithmetic is simple,” Alan McLean told skeptical lawmakers. Paint maker Akzo Nobel, which also attended the hearing, did not disclose what portion of the 118 million euros in tax payments it made in 2018 went to the Netherlands.
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