Shell pumped $20 billion a year from motorists but paid no company tax
Michael West: 9 August 2015
For the third year on the trot, Shell service stations generated billions of dollars and revenue but not a cent in company tax. Infact the owners of the sunny yellow servos reported tax benefits in all three years despite total sales which may be in excess of $60 billion.
This is an incredible situation for a nationwide network of services stations as well as a large refinery which makes up the “downstream” division of the global oil brand.
Shell last year sold its downstream business in Australia including its Geelong refinery, a portfolio of 870 petrol stations and other assets to Dutch oil group Vitol.
The TRUTH will set you FREE.
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