UK Taxpayers Hand Over $123 Million to Oil Giant Shell… in Tax

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<p>‘Of the 24 co tries me tio e i Shell’s ‘Reports o Payme ts to Gover me ts’ – p blishe er ew UK reg latio s affecti g the oil extractio i stry – the U ite Ki g om feat re as the o ly et co trib tor to the oil gia t.</p>
<p>What that mea s i layma ’s terms, is that where Shell’s 2015 taxes were co cer e , the UK ot o ly i ’t receive a y mo ey, it act ally e e p payi g o t mo ey.</p>
<p>Accor i g to the report, Shell pai o t a total of US$22 billio i royalties, fees a taxes across 24 co tries last year — the largest recipie ts bei g Nigeria, Malaysia a Norway. The UK o the other ha , was the o ly co try to make a et loss o the compa y’s tax receipts.’</p>
<p><a href="http://sp t ik ews.com/e rope/20160422/1038461692/ k-tax-shell-oil.html" target="_bla k">Rea more: UK Taxpayers Ha Over $123 Millio to Oil Gia t Shell… i Tax </a></p>