Open to dialogue
Shell welcomes the opportunity to work with others in areas of shared interest. Our approach to tax considers the interests of relevant stakeholders. Through engagement with thought leaders, other companies, investors and civil society, we stay informed of developments that may impact our business.
We regularly engage with policymakers to support the development of tax rules and regulations based on sound tax policy principles. In this way, we hope to contribute to the development of fair, effective and stable tax systems.
We also provide constructive input to industry groups and international organisations, such as the Extractive Industries Transparency Initiative (EITI), the B Team Responsible Tax Working Group (B Team) and Business at OECD, an international business network.
Shell contributed to updating the Best Practices for Business Engaging with Tax Authorities in Developing Countries [A], launched by Business at OECD in November 2022. The updated best practices can be used to support efficient and effective tax policy administration. We endorse these principles and aspire to use them. Read more in Our work with the EITI.
[A] Source: Business at OECD (BIAC), Statement of Best Practices for engaging with tax administrations in developing countries, November 2022
EVP Taxation and Corporate Structure, Shell
Shell is committed to tax transparency and I am very proud that Shell continues to be a front runner in this space. Our journey began in 2003 with the EITI and in 2018 we signed up to the B Team principles. We strongly advocate tax transparency and we will continue to share more information about our tax affairs.
The Tax Contribution Report gives stakeholders, from governments to communities, an annual update on our tax contribution, and shares our views on tax developments and emerging trends.
Tax has a vital role to play in the energy transition. For the transition to be fair and just, governments, industry and society must all play a role.