Shell shareholders vow to transfer tax residence to UK

Partners The energy is huge Shell has voted overwhelmingly in favor of becoming a tax resident from the Netherlands Emigrated to Great Britain. At a public meeting in Rotterdam on Friday, more than 99 percent of shareholders voted in favor of the top management proposal. CEO Andrew Mackenzie thanked the shareholders for their “extra support”.

Europe’s largest energy company announced in November that it was shifting its tax residence from the Netherlands to the UK. The team wants to remove its “Royal Dutch” suffix and will only be called the shell in the future instead of “Royal Dutch Shell”.

Shell wants to strengthen the board’s competitiveness with restructuring and is implementing a plan to become climate-neutral by 2050, as McKenzie said. According to the company, the move to the tax seat had nothing to do with the turbulent weather judgment in the Netherlands. There was one in May Court Hague is an energy company committed to greater climate protection and more sustainable climate goals.

In the Dutch country Government Shell’s plans provoked angry reactions. Economy Minister Steff Black said he was “surprised by the surprise” and regretted the plans. British Economy Minister Quasi-Guardian praised the plans, however, saying it was a “clear vote of confidence” for the British economy. Brexit.

By the end of last year, the British-Dutch consumer goods company was already there Unilever Announced that it would become a full UK company.