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Posts on ‘August 13th, 2005’

Shell’s office closed for 48 hours in tax dispute

New Zealand Herald: Shell’s office closed for 48 hours in tax dispute

“Venezuela’s tax authority has closed a Royal Dutch Shell office for 48 hours and put a hold on some company assets as part of a US$131 million ($188 million) back tax dispute with the oil company.”

Saturday 13 August 2005

13.08.05

CARACAS: Venezuela’s tax authority has closed a Royal Dutch Shell office for 48 hours and put a hold on some company assets as part of a US$131 million ($188 million) back tax dispute with the oil company.

Shell is appealing against a claim by the Seniat tax authority for taxes it says the Anglo-Dutch firm did not pay during the 2001 to 2004 period.

The investigation is part of a wider probe of foreign oil companies in the world’s No 5 crude exporter.

Seniat said it had forbidden Shell from selling or exporting US$131 million worth of goods and equipment the agency has earmarked as collateral in the dispute. 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.

Message is muted

Financial Times (Letters): Message is muted

“A show of hands at annual meetings on controversial matters such as soaring director remuneration linked with indifferent performances conveys a clear message to boards that is blunted in its absence.”: “… a view that was forcibly expressed at recent annual meetings of BOC and Shell Transport and Trading.”

Saturday 13 August 2005

By Martin E Simons

From Mr Martin E. Simons.

Sir, A show of hands at annual meetings on controversial matters such as soaring director remuneration linked with indifferent performances conveys a clear message to boards that is blunted in its absence. That is particularly so if proceedings are reported by the Financial Times.

It is a significant retrospective step to do away with polls, a view that was forcibly expressed at recent annual meetings of BOC and Shell Transport and Trading. In the absence of a poll shareholders will have a “do-it-yourself” poll, as happened at the last Abbey National annual meeting. Such procedures undermine the standing of directors. 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.

Oil’s well with Shell in a jittery world

The Independent: Private Investor: Oil’s well with Shell in a jittery world

Saturday 13 August 2005

By Sean O’Grady
Published: 13 August 2005

It’s all very worrying. Terror. Record oil prices. The Bank of England warning about lower growth and hinting at higher interest rates. Our streets about to become cesspits of drunken yobs. Oh dear.

Strange then that the stock market is looking so chirpy, relatively speaking. Just like oil, the FTSE 100 has been setting a few records of its own lately, putting in its best numbers since 9/11. This actually follows earlier stonking performances by the mid-cap indices. I thought that it would only be a matter of time before the blue chips caught up, and for a change I managed to get that particular prediction right. 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.

Irish Times: Council rejects ‘Shell to Sea’ call

Irish Times: Council rejects ‘Shell to Sea’ call

“Dr Mark Garavan, spokesman for the “Shell to Sea” campaign and the imprisoned men who are today spending their 46th day in jail, warned about the danger to lives if the onshore pipeline ruptured. Locals had been crying out for five years about pipeline safety issues. Minister for the Marine Noel Dempsey had made the extraordinary admission that no State agency was responsible for the pipeline, he added.”

Saturday 13 August 2005

Lorna Siggins and Tom Shiel

Mayo County Council has rejected a motion urging Shell to locate its controversial Corrib gas terminal offshore.

The 13-9 vote followed strong legal advice from the council’s lawyer, Michael Browne, that the motion, if passed, could expose the authority to expensive litigation.

Before voting at an emergency session yesterday, the 22 councillors who attended were also advised by deputy county manager Joe Beirne that the motion would make it difficult for the authority to attract further investment to the county. 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.

BBC NEWS: Venezuela-Shell tax row heats up

BBC NEWS: Venezuela-Shell tax row heats up

“Venezuelan tax authorities have closed a Royal Dutch Shell office for 48 hours and asked for an injunction on some of the oil firm’s assets in a tax dispute. The row centres on a $131m (£74m) bill for back taxes covering 2001-2004, presented to the oil giant in July.”

Saturday 13 August 2005

Venezuelan tax authorities have closed a Royal Dutch Shell office for 48 hours and asked for an injunction on some of the oil firm’s assets in a tax dispute. The row centres on a $131m (£74m) bill for back taxes covering 2001-2004, presented to the oil giant in July.

Venezuela’s tax authority said it had put a hold on Shell goods worth $131m and shut its office in Lake Maracaibo.

Shell is challenging the demand, which is part of a wider clampdown on alleged tax avoidance by foreign firms. 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.

Daily Telegraph: Shell shows some sense

Daily Telegraph: Shell shows some sense

“At last, faint signs of common sense emerging from the Shell Lubyanka over the fate of the British shareholders in Royal Dutch.”

Saturday 13 August 2005

Shell may offer tax-efficient option to its rebel investors

At last, faint signs of common sense emerging from the Shell Lubyanka over the fate of the British shareholders in Royal Dutch.

Despite spending $115m in fees, Shell had resolutely ignored their plight.

The scheme to create Royal Dutch Shell has presented them with a taxable capital gain, even though they have not sold their shares.

The otherwise admirable Jeroen van der Veer, Shell’s new chief executive, had claimed that there was nothing in the toolbox which could help them. 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 may offer tax-efficient option to its rebel investors

Daily Telegraph: Shell may offer tax-efficient option to its rebel investors

“Shell admitted yesterday that it was considering a new tax-efficient offer for British shareholders in Royal Dutch Petroleum who are refusing to accept the terms of the merger with Shell Transport and Trading.”

Saturday 13 August 2005

By Christopher Hope (Filed: 13/08/2005)

Shell admitted yesterday that it was considering a new tax-efficient offer for British shareholders in Royal Dutch Petroleum who are refusing to accept the terms of the merger with Shell Transport and Trading.

In a meeting with the Association of Private Client Investment Managers and Stockbrokers, Patrick Ellingsworth, Shell’s executive vice president in charge of tax and corporate structure, conceded that a tax efficient solution for the British holders was one of five to six options being considered. 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 Abysmal Track Record In Legal Proceedings with Alfred and John Donovan

Royal Dutch Shell Abysmal Track Record In Legal Proceedings with Alfred and John Donovan

Saturday 13 August 2005: 13.15 ET: (Updated 13 August 2012)

By John Donovan

The following is an accurate list of the various proceedings between Shell and the owners of ShellNews.net, Alfred Donovan and John Donovan, commencing just over a decade ago, with the most recent proceedings being decided on a unanimous verdict against Shell International Petroleum Company Limited on 8 August 2005.

1. High Court proceedings brought against Shell in respect of “Shell Make Money” promotion, alleging breach of confidence and breach of contract: Outcome: Settled out of court by Shell for £60,000 ($108,000 US approx) 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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