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Author Topic: Shell may have moved rig to avoid taxes: U.S. lawmaker Back to Topics
crep1291
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Ottawa

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Message Posted: Jan 11, 2013 4:33:45 PM

ANCHORAGE, Alaska/WASHINGTON (Reuters) - Shell may have moved an oil rig that ran aground off Alaska last week partly to avoid millions of dollars in taxes, U.S. Rep. Ed Markey said, raising even more questions about the oil company's decision on the timing of the move.

The letter from the top Democrat on the House of Representatives Natural Resources Committee adds to the already-intense political scrutiny of Royal Dutch Shell's ambitious and troubled Arctic drilling foray last year.

In a letter to Shell's top U.S. executive, Marvin Odum, Markey said the decision to move the rig "may have been driven, in part, by a desire to avoid...tax liability on the rig."
REPLIES (newest first) Post a Reply
NedW
Champion Author Indianapolis

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Message Posted: Jan 13, 2013 1:02:28 AM

Good for Shell. Our government is like a crack addict. And, what is their drug of choice? OUR money.
drpepperTX
Champion Author Texas

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Message Posted: Jan 12, 2013 8:42:05 AM

What would that "fair share" be MidNJ?
What defines the "silver spoon" you speak of MidNJ?
And most importantly MidNJ, exactly why?
ClarkSC
Champion Author South Carolina

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Message Posted: Jan 12, 2013 8:36:05 AM

Close the loopholes.
hokieburgh
Champion Author Virginia

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Message Posted: Jan 12, 2013 7:31:06 AM

over charge them for any state response/rescue activity
MidNJ
Champion Author New Jersey

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Message Posted: Jan 12, 2013 2:16:34 AM

Dr. Pep,

Gore, Mitt, or anyone, yes we must all do our fair share.

And yes,

I believe that those who have a silver spoon in their mouth must give their "fair share".
JohnofGB
Champion Author Flint

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Message Posted: Jan 12, 2013 1:31:00 AM

Only if its in state of Alaska waters.
NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 11, 2013 11:31:09 PM


The usual bad move by oil industry executives. Moving the 'big' rig so far into the winter season risked many lives for very small savings on a tax cheat scheme. Royal Dutch Shell and their top executives have proved once again they are just a bunch of greedy and suprisingly stupid beancounters.

Some of the shill defenders of the 'industry' must change the subject here per the API playbook. As usual they ignore the facts and subject at hand.
Eugenian
Champion Author Oregon

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Message Posted: Jan 11, 2013 10:14:17 PM

Palying a tax-dodging Shell game instead of doing due diligence for safety. Just one more way that Shell has proven itself unfit for the job. Shut down this snakebit Arctic drilling tomfoolery, before it becomes another huge catastrophe.
drpepperTX
Champion Author Texas

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Message Posted: Jan 11, 2013 9:14:28 PM

Just pointing out Gore's liberal hypocrisy MidNJ, after all he did say we must "do our fair share"! :^}
MidNJ
Champion Author New Jersey

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Message Posted: Jan 11, 2013 8:42:55 PM

Dr. Pep, perhaps we need to view the issue of tax avoidance another way around.

If it's good enough for Shell, it's good enough for us all!!! :)
drpepperTX
Champion Author Texas

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Message Posted: Jan 11, 2013 8:36:28 PM

If tax avoidance is good enough for Al Gore, it's good enough for Shell! LOL!
Peachy1
Champion Author St. Louis

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Message Posted: Jan 11, 2013 8:30:11 PM

WOW!! What's it going to take for the average, ordinary, every day American Citizen to void taxes??? We could use some help ourselves.
md11capt
Champion Author Denver

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Message Posted: Jan 11, 2013 7:33:16 PM

Poor Shell.
humblepie
Champion Author Toledo

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Message Posted: Jan 11, 2013 7:31:18 PM

sometimes the less you pay the more it costs you
evowner
Champion Author Salem

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Message Posted: Jan 11, 2013 7:30:04 PM

Maybe there is some justice for the wicked?
BobBG
Champion Author Albany

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Message Posted: Jan 11, 2013 7:16:19 PM

Shell may have been looking to save money but it's going to cost them a lot more in the long run.
roadrunnin
Champion Author Richmond

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Message Posted: Jan 11, 2013 6:39:15 PM

that's business baby
BluWahoo
Champion Author Pensacola

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Message Posted: Jan 11, 2013 5:57:51 PM

Move where it's cheaper. As in California residents could save thousands of dollars per year by moving to another state. Florida is at least half that expensive and we have all the serene beauty, peace and tranquility you would want in life. Our low gas prices and housing for starters.
VomVom
Champion Author Calgary

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Message Posted: Jan 11, 2013 5:50:43 PM

That is just good sound business decision as long as it is legal. Would you pay unnecessary taxes if you do not have to?
jimgraham
Champion Author Akron

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Message Posted: Jan 11, 2013 5:50:34 PM

The move makes sense to me. If the weather is too cold and bad to drill in, how are you going to do maintenance on the darned thing?

People in DC are grandstanding. Pure and simple.
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