Introduction
In the Tax Contribution Report, Shell voluntarily publishes the corporate income tax paid in each country and location for 2020. This report demonstrates our commitment to complying with tax legislation and explains our approach to tax. It builds on the information in our Annual Report and Accounts, Form 20-F, Sustainability Report and Payments to Governments Report.
Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Country
Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.
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