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Company Response

27 May 2014

Author:
Shell

Shell response

[Business & Human Rights Resource Centre invited Shell to respond to a report raising concerns about its tax practices.] It is one of Shell’s business principles to conduct business in a transparent manner as a responsible corporate member of society and to comply with the laws of the countries in which we operate, including tax laws. Shell is committed to work with all relevant stakeholders to improve transparency and to co-operate with tax authorities. Business contributes to communities, not only through paying taxes, but also through investments into local economy and providing jobs. In 2013 Shell had an effective tax rate of about 51%, paid some $20 billion in taxes on profits and employed some 92,000 people on average in over 70 countries around the world. Shell supports efficient, predictable and stable tax regimes as they incentivise long-term investment. It is the governments’ mandate to determine what an appropriate level of tax is and to determine their tax policies accordingly. As stated in Shell’s business principles, Shell complies with the law. Like any company, Shell manages its tax liabilities as part of the management of all its assets and liabilities and within the framework set by the tax law and administration of the country involved.

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