Shell publishes new Tax Contribution Report

Royal Dutch Shell (Shell) has today published a new report detailing the corporate income tax that Shell companies paid in countries and locations around the world in 2018.

“Transparency is important for Shell – showing who we are and what we do is one of the best ways we can demonstrate the many contributions we make to society,” said Jessica Uhl, Shell Chief Financial Officer. “We hope that this report will help to create a better understanding of our businesses and the taxes we pay.”

The Tax Contribution Report provides information about the corporate income tax Shell paid in countries and locations in which we have a taxable presence across all our businesses.

In 2018, Shell companies paid $10.1 billion in corporate income tax and $5.8 billion in royalties around the world. On behalf of governments, we also collected some $48.2 billion in excise duties, sales taxes and similar levies on our fuel and other products.

Shell’s overall effective tax rate was 32.9% in 2018.*

Shell is committed to tax compliance. We seek to comply with the applicable tax laws in all the countries and locations where we have a taxable presence. In 2018, we endorsed a set of responsible tax principles developed by the B Team, a not-for-profit organisation whose mission is to help companies establish responsible business practices.

The Tax Contribution Report is part of Shell’s commitment to these principles and includes country-by-country report data.

The Shell Tax Contribution Report complements other publications such as our Sustainability Report, Industry Associations Climate Review, Payments to Governments Report, Energy Transition Report and Ethics and Compliance Manual.

Source / More : Shell Tax Contribution Report

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