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Dutch Government Moves to Keep Shell in Country by Scrapping Tax -FT

--The Dutch government is attempting to keep Royal Dutch Shell PLC in the Netherlands by moving to scrap a dividend tax, the Financial Times reports.

--The caretaker government led by Mark Rutte will try to find a last-minute majority in parliament to remove a 15% withholding tax that Shell previously attacked, the FT reports, citing officials from the Dutch government.

--Shell said earlier Monday it would end its dual-share structure and shift its entire tax-base to the U.K., which the Dutch Government described as an "unwelcome surprise."

 

Full story: https://on.ft.com/3qEaQzH

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

November 15, 2021 13:01 ET (18:01 GMT)

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