
Nick Shaxson ■ Report: Switzerland’s role in Shell’s tax avoidance

From SOMO in the Netherlands:
“There is not one drop of oil coming out of the Swiss mountains, but still Royal Dutch Shell has eight subsidiaries in Switzerland. Between 2001 and 2005 the Dutch-British oil multinational set up a range of subsidiaries in the country, although these entities are not involved in any productive activities, finds a new report released today. The Centre for Research on Multinational Companies (SOMO) and Friends of the Earth Europe report concludes that Shell uses Switzerland mainly for ‘tax planning purposes’.
The main purpose of these entities is trademark management, ?nancial services, internal insurance, and trading activities for Shell’s worldwide oil and gas operations.
Shell’s presence in Switzerland potentially allows the company to avoid paying a significant amount of taxes where its actual economic activities take place, including in developing countries.”
Download the report here.
We at TJN often like to use the term ‘tax abuse’ instead of ‘tax avoidance’ because in so many cases it’s not clear whether what the individual or corporation is doing is legal or not – because it hasn’t been challenged. We feel that the term ‘tax abuse’ adequately conveys this ambiguity, and also conveys the social harm.
As SOMO also note:
“The findings of this report support the call by the Tax Justice Network Netherlands earlier this week for Shell to be truly transparent about their tax payments to governments.”
Related articles

Tax Justice Network’s French podcast: LA TRANSPARENCE FISCALE ÉVOLUE EN AFRIQUE, MAIS LES DÉFIS À SURMONTER DEMEURENT IMPORTANTS #42

REGRAS DE TRIBUTAÇÃO GLOBAL DEVEM SER DECIDIDAS NA ONU #39: the Tax Justice Network Portuguese podcast

July 2022 Spanish language tax justice podcast, Justicia ImPositiva: Los desafíos que enfrenta Gustavo Petro en Colombia

Tax Justice Network Arabic podcast #55: مؤتمر المناخ والعدالة المناخية في مصر

The Tax Justice Network’s French podcast: LA TRANSPARENCE DEMEURE UN OBJECTIF POUR LE SECTEUR EXTRACTIF ET LES ADMINISTRATIONS FISCALES EN AFRIQUE #41

Amazon’s tax challenge: the Tax Justice Network podcast, the Taxcast
Taxation, illicit financial flows and human rights – Submission to UN Expert
29 June 2022

June 2022 Spanish language tax justice podcast, Justicia ImPositiva: Los grandes ganadores

Tax Justice Network Arabic podcast #54: كارتيل البنوك في تونس: أثرياء الحرب في زمن البؤس
