shell hopes to avoid taxes on rig
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Shell hopes to avoid taxes on rig

Egypt Today, egypt today

Egypt Today, egypt today Shell hopes to avoid taxes on rig

Juneau - UPI

Officials with Royal Dutch Shell admit the company was trying to avoid $7 million in Alaska taxes by moving an oil rig to Seattle for maintenance. The rig ran aground off the coast of Alaska. That leaves the company, which has headquarters in the Netherlands and Britain, liable for the tax as well as millions more to repair the rig and to reimburse the U.S. and Alaska governments for the cost of responding to the accident. The company would not have had to pay equipment tax if the rig, the Kulluk, had been out of Alaska at the end of the year, The Independent, a London newspaper, said. But the grounding during a bad storm left it still in Alaskan waters on Dec. 31. "It's fair to say that the current tax structure related to vessels of the type influenced the timing of our departure. It would have cost Shell multiple millions to keep the rigs here," a Shell spokesman said. Another spokesman said that a "two-week window of favorable weather" in the forecast had more to do with the decision to move the rig than tax considerations.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

shell hopes to avoid taxes on rig shell hopes to avoid taxes on rig



GMT 11:49 2017 Tuesday ,11 April

Chile, China start talks to expand trade deal

GMT 10:25 2018 Thursday ,15 November

Huge amount of water siphoned into Earth's interior

GMT 12:07 2014 Monday ,03 February

Home design ideas

GMT 13:47 2013 Wednesday ,25 September

KARORA introduces the Skinwear Collection

GMT 05:00 2015 Saturday ,11 July

Telefonica dial right numbers for Spanish TV deal

GMT 02:07 2017 Saturday ,21 January

239 migrants die in two shipwrecks off Libya

GMT 08:19 2018 Friday ,14 September

Weather: Cloudy With No Change In Temperatures

GMT 05:02 2012 Wednesday ,03 October

UN Security council to focus on Mali

GMT 23:45 2017 Wednesday ,08 March

Egypt opens Rafah crossing Monday for three days

GMT 14:39 2011 Thursday ,31 March

US oil and gas leases lie idle
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday