Photo: Ed Dunens / CC BY 2.0

Shell’s tax privileges

Dutch treasury missed out on an additional €893 million

Analysis by SOMO has revealed that the Dutch state missed out on €893 million in dividend taxes in 2018. This is the result of a tax ruling between petroleum company Shell and the Dutch tax authorities. Last year, SOMO revealed that this tax ruling has costed the Dutch treasury an amount of €7 billion for the period 2005 to 2017. If this tax ruling remains intact, this amount could increase to a total of €13.7 to €22.8 billion in the next ten years. The question is whether this tax ruling is in compliance with Dutch law. No hard conclusions can be drawn about the legality of this ruling as long as the Dutch government, invoking confidentiality, refuses to disclose the tax deal with Shell.

Read the full story here (in Dutch only).