Shell Archives - Page 3 of 5

How Amex paid no tax in nine years on $10 billion

by Michael West | May 13, 2017 | Energy & Environment, Finance & Tax

American Express has paid no net tax in Australia for nine years, according to its latest financial statements. That is zero tax on $10 billion in revenue. Well might this story end there. Enough has already been said. But Amex is by no means alone. Multinational...

Shell: tax ripped out as in-house deals double

by Michael West | May 8, 2017 | Energy & Environment, Finance & Tax

The latest financial statements from oil and gas giant Shell show just one tax haven connection. The appendix to a Shell submission to the Senate Inquiry into Corporate Tax Avoidance revealed 21 tax haven connections. Once again, poor disclosure mars the accounts of a...

Behind the intervention in gas: desperation

by Michael West | Apr 27, 2017 | Energy & Environment, Government

For the government to intervene in the gas market – in the face of bitter resistance from one of the most powerful lobbies in the land – shows just how dire things have become. Spiralling gas prices are sending businesses to the wall, right now. Others...

Game-changer for oil giants and multinational tax avoiders

by Michael West | Apr 24, 2017 | Energy & Environment, Finance & Tax

It was a superb win for the the Australian Tax Office against Chevron in the Federal Court last week but there is something everyone is missing, something which will turn the art of tax avoidance on its head; a game-changer for multinationals. Put simply, Chevron...

Hornswoggler Chevron hit by historic court case

by Michael West | Apr 23, 2017 | Energy & Environment, Finance & Tax

Chevron’s top brass touched down in Australia last September in a fleet of five private jets, here to visit their gargantuan Gorgon and Wheatstone gas projects in Western Australia. The Tax Office might have slapped them with a Departure Prevention Order (DPO)...