TaxCorporate TaxShell to talk tax with angry investors

Shell to talk tax with angry investors

Multimillion-pound tax bill forces oil giant to talk to angry UK Royal Dutch Petroleum investors

Shell tax experts are to meet UK Royal Dutch Petroleum shareholders this week
to try to find a way of dealing with a £77m tax bill that arose from Shell’s
multibillion-pound restructuring.

The oil giant is expected to announce today how many investors in RDP have
accepted the terms of the merger by yesterday’s deadline of 3pm, The Daily
Telegraph
reports.

Shell has always maintained that it has no way of helping British holders in
RDP who have been left with a large capital gains tax bill as a result of the
merger of RDP with Shell Transport and Trading, to create Royal Dutch Shell. It
says the offer was fair to all shareholders on a pre-tax basis.

However, the Anglo-Dutch oil giant confirmed that a meeting was planned on
Friday with the Association of Private Client Investment Managers and
Stockbrokers that has been co-ordinating the shareholders.

A spokesman told the newspaper: ‘APCIMS have requested a meeting and we are
prepared to meet with them. We have no details about what is going to be
discussed.’

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

2m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson