Shell pays £700m in taxes

Shell pays £700m in taxes

Oil giant pays almost £700m in tax to the UK after year of record profits

Shell paid £674m in taxes to the government in 2005.

The company, which announced the highest ever profits earnt in the UK
yesterday, also paid twice as much in tax as it had done the previous year,
The Times reports today.

Soaring oil and gas prices saw Shell make profits of £12.9bn this year.

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