PRESS RELEASE – FOR IMMEDIATE RELEASE
Quo Vadis – Budget 2015: a further step in the right direction
Hannon Westwood welcomes the changes to the North Sea tax regime announced by the Chancellor on Wednesday, aimed at stimulating and prolonging investment in the UKCS. Significant and positive steps have been taken to relieve the overall tax burden and this will assist with counterbalancing the effects of the recent collapse in oil price and consequent job losses in the industry.
The key measures are: a ten percentage cut in the supplementary charge, effective from 1 January 2015 – a decrease from 30% to 20%, following a 2% cut implemented in the 2014 Autumn Statement; a cut in the rate of petroleum revenue tax (PRT) from 50% to 35% for PRT-paying fields as of 2016; a new UK Continental Shelf Investment Allowance aimed at simplifying the existing system of complex offshore field allowances. The new allowance will exempt a portion of profits equal to 62.5% of a company’s qualifying investment expenditure from the Supplementary Charge. It will be available for projects in new and existing fields, and will apply to investment expenditure incurred on or after 1 April 2015.
From an article by Sam Richards published 23 March 2015 by Contra Costa Times
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
