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Posts on ‘August 9th, 2015’

Shell pumped $20 billion a year from motorists but paid no company tax

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Screen Shot 2015-07-31 at 19.22.09Michael West: 9 August 2015

For the third year on the trot, Shell service stations generated billions of dollars and revenue but not a cent in company tax. In fact the owners of the sunny yellow servos reported tax benefits in all three years despite total sales which may be in excess of $60 billion.

This is an incredible situation for a nationwide network of services stations as well as a large refinery which makes up the “downstream” division of the global oil brand.

Shell last year sold its downstream business in Australia including its Geelong refinery, a portfolio of 870 petrol stations and other assets to Dutch oil group Vitol.  read more

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