Shell CEO doesn’t rule out shifting headquarters from Netherlands to Britain

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Royal Dutch Shell will not be ruling out shifting its headquarters from the to Britain, the oil firm’s chief govt Ben van Beurden stated in a Dutch newspaper interview revealed on Saturday.


Anglo-Dutch client merchandise large Unilever stated final month it plans to ditch its twin Anglo-Dutch authorized construction and create a single entity in



Van Beurden didn’t explicitly say needs to maneuver its headquarters, Het Financieele Dagblad stated.


“You all the time must maintain pondering,” Shell’s Van Beurden instructed the newspaper. “Nothing is everlasting and naturally we’ll have a look at the enterprise local weather. However shifting your headquarters will not be a trivial measure. You can not assume too flippantly about that.”


A spokesman confirmed the CEO’s feedback to Reuters and stated the corporate was taking a look at methods to simplify its twin construction, because it had been doing for a few years.





has a fancy Anglo-Dutch holding construction with a tax residency and headquarters within the and a registered workplace in


Unilever’s resolution to maneuver adopted the scrapping in 2018 of a plan by Dutch Prime Minister Mark Rutte to eliminate a 15% dividend withholding tax.


Shell’s company construction options the dad or mum firm headquarters in The Hague however two share courses and different preparations to stop the Dutch authorities from levying withholding tax on dividends paid to shareholders of its former British arm.


The association has come below renewed scrutiny after the Dutch authorities tried to scrap the dividend tax as an incentive to persuade Unilever to unify its twin construction in Rotterdam.


Rutte deserted the plan after a preferred outcry over the tax lower, which was seen as a present to wealthy foreigners.


Shell has persistently lobbied towards the dividend tax, which it says makes financing dividends, share buy-backs and acquisitions harder.


 



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