LAST UPDATED APRIL 2016
Shell used a complex corporate structure, a company branch in Switzerland, with hardly any tax rates, and tax havens such as Bermuda to reduced its tax payments.
In 2014, it paid no UK corporation tax but made a global profit of £19.87bn writes the Sunday paper.
Zero tax bill for UK big six: The Sunday Times: 31 Jan 2016
Shell, Agip, Chevron tax evaders, Gov Dickson writes Buhari: The News: 22 April 2016
A press statement from Bayelsa Govt House named the companies that evade tax as Shell Petroleum Company of Nigeria Limited (SPDC);
Multinationals already working the angles on ‘Google Tax’: Financial Review: 26 April 2016
In 2014 Shell Australia paid $534 million in finance costs on $12.7 billion of debt owed to offshore Shell companies. But its submission to the Senate tax inquiry showed that while it paid that $169 million interest to a Bermuda associate, the biggest cost was $260.7 million paid to a Shell company in Luxembourg for cross-currency interest rate swap costs.