Shell Paid No Windfall Tax in UK Despite Record Global Profits

EcoWatch
By Cristen Hemingway JaynesOct 31, 2022, 3:36 pm204 pts
Oil giant Shell has paid no windfall tax in the UK and said it did not expect to this year, despite making a record $30 billion in global profits so far in 2022, The Guardian reported. Companies are allowed to reduce their tax payments if they make investments in production, and Shell wasn’t liable because it…

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