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

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

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.’ The Netherlands, they say, has deliberately created a tax-friendly climate for multinationals. This offers companies like Shell with an international headquarters here, the option of ‘deducting many costs that we make for our international head office’.