A civil society group focused on transparency in the oil and gas sector has criticized the interim Offshore Processing Agreement, OPA, between the Nigerian National Petroleum Corporation, NNPC, and three multinational trading companies to boost the supply of refined petroleum products in the country. The Africa Network for Environment and… – Continue reading
For the third year on the trot, Shell service stations generated billions of dollars and revenue but not a cent in company tax. In fact the owners of the sunny yellow servos reported tax benefits in all three years despite total sales which may be in excess of $60 billion…. – Continue reading
SINGAPORE, April 12 (Reuters) – The Singapore trading hubs of the world’s largest commodity companies are coming under scrutiny from the governments of some resource-producing countries who say they suspect they are using units in the Southeast Asian financial centre to avoid tax. Some of the world’s largest oil, mining… – Continue reading
Labour Jon Ashworth calls for explanation over why Tories’ ‘big-money backers’ benefit from autumn statement George Osborne has been accused of using his autumn statement to give tax breaks to Tory supporters as it emerged that several companies run by Conservative donors stand to benefit from a more generous tax… – Continue reading
A COMPANY whose chief executive is a significant donor to the Better Together campaign has been accused of avoiding paying billions of pounds in tax. Oil trader Ian Taylor, who heads up the controversial firm Vitol, gave half a million pounds to the pro-Union group, which faced calls to hand… – Continue reading
