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Royal Dutch Shell paid no corporation tax in Britain

Royal Dutch Shell paid no corporation tax in Britain

The Anglo-Dutch oil major paid a total of $7.8 billion in corporate income tax globally last year, but in Britain it received $116 million from the government

Royal Dutch Shell paid no corporation tax in Britain last year, despite paying billions of dollars in other jurisdictions.

The Anglo-Dutch oil major paid a total of $7.8 billion in corporate income tax and $5.9 billion in royalties last year on a pre-tax profit of $25.5 billion, according to its annual report, which was published yesterday.

However, the UK, along with France, South Africa and Indonesia, returned money to the company.

The figures were published as part of a global breakdown of payments, only the second time that Shell has released figures in this way, according to the Financial Times.

Shell received $116 million from the British government, after a similar return to the company in 2018, which it attributed to tax losses linked…

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