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Tax transparency

We aim for an open dialogue on tax matters with governments, policymakers, businesses, investors, and civil society. Since 2003, we have taken important steps to be more transparent about the taxes we pay.

Tax transparency timeline

  • 2003

    One of the initiators of the Extractive Industries Transparency Initiative (EITI)

  • 2012

    First voluntary publication of tax payments in 14 countries

    Publication of Shell’s Approach to Tax

  • 2016

    First publication of Payments to Governments Report in line with European regulations (covering exploration and production activities)

  • 2017

    Publication of Shell UK Tax Strategy and Statement on Tax Evasion

    Shell’s first country-by-country report submitted to tax authorities

  • 2018

    Pilot International Compliance and Assurance Programme

    Shell commits to the B Team Responsible Tax Principles

  • 2019

    First publication of Shell’s Tax Contribution Report

  • 2021

    Shell agrees to report on environmental, social and governance performance factors, including tax, against the World Economic Forum Stakeholder Capitalism Metrics

Our participation in the development of the B Team Responsible Tax Principles reflects our ambition to align our tax strategy more closely with emerging best practice. Our Tax Contribution Report and future publications aim to demonstrate how we are applying our Responsible Tax Principles.

The B Team
The B Team is a not-for-profit initiative aimed at ensuring that business becomes a driving force for social, environmental and economic benefit. Shell is a founding member of The B Team Responsible Tax Working Group but is not a member of the overall B Team initiative. Through The B Team, Shell and other companies have been able to give a voice to the companies’ views in the debate on fair taxation. The B Team Responsible Tax Principles, which Shell has helped to develop, reflect the views of leading companies and civil-society organisations on a responsible approach to tax.
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