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Dutch Tax Storm Hits Shell, Dutch Parliament to Hold Hearings

23 May 2019

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Proposed Changes

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Netherlands

Dutch multinational Shell, the country's and Europe's largest company, has been caught in a controversy reflective of the defiant political and public mood around multinationals' tax affairs. Press reports based on leaked taxpayer data indicated that Shell Netherlands did not pay any corporate tax in the Netherlands for the years 2016-2018 (and most likely previous years) despite posting pre-tax profits of EUR 1 billion for 2016 and EUR 1.3 billion for 2017. Shell Netherlands top executives have now confirmed the news reports and provided the following explanations and justifications: Shell Netherlands is a member of a fiscal unity (Dutch consolidation...