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Author	Topic: Shell may have moved rig to avoid taxes: U.S. lawmaker	Post a Reply Back to Topics

crep1291 Champion Author Ottawa Posts:2,637 Points:486,190 Joined:Dec 2010	Message Posted: Jan 11, 2013 4:33:45 PM Ignore crep1291 Report Abuse 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."

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

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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)Ignore Short Messages

NedW Champion Author Indianapolis Posts:5,755 Points:1,168,970 Joined:Mar 2008	Message Posted: Jan 13, 2013 1:02:28 AM Ignore NedW Report Abuse Good for Shell. Our government is like a crack addict. And, what is their drug of choice? OUR money.
drpepperTX Champion Author Texas Posts:9,165 Points:779,850 Joined:Apr 2011	Message Posted: Jan 12, 2013 8:42:05 AM Ignore drpepperTX Report Abuse 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 Posts:3,219 Points:1,039,105 Joined:May 2010	Message Posted: Jan 12, 2013 8:36:05 AM Ignore ClarkSC Report Abuse Close the loopholes.
hokieburgh Champion Author Virginia Posts:1,226 Points:491,455 Joined:Feb 2007	Message Posted: Jan 12, 2013 7:31:06 AM Ignore hokieburgh Report Abuse over charge them for any state response/rescue activity
MidNJ Champion Author New Jersey Posts:7,686 Points:1,198,115 Joined:Sep 2009	Message Posted: Jan 12, 2013 2:16:34 AM Ignore MidNJ Report Abuse 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 Posts:5,566 Points:1,124,870 Joined:Feb 2010	Message Posted: Jan 12, 2013 1:31:00 AM Ignore JohnofGB Report Abuse Only if its in state of Alaska waters.
NHLiveFree Champion Author New Hampshire Posts:11,306 Points:1,651,045 Joined:Jun 2008	Message Posted: Jan 11, 2013 11:31:09 PM Ignore NHLiveFree Report Abuse 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 Posts:2,007 Points:389,830 Joined:Oct 2009	Message Posted: Jan 11, 2013 10:14:17 PM Ignore Eugenian Report Abuse 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 Posts:9,165 Points:779,850 Joined:Apr 2011	Message Posted: Jan 11, 2013 9:14:28 PM Ignore drpepperTX Report Abuse Just pointing out Gore's liberal hypocrisy MidNJ, after all he did say we must "do our fair share"! :^}
MidNJ Champion Author New Jersey Posts:7,686 Points:1,198,115 Joined:Sep 2009	Message Posted: Jan 11, 2013 8:42:55 PM Ignore MidNJ Report Abuse 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 Posts:9,165 Points:779,850 Joined:Apr 2011	Message Posted: Jan 11, 2013 8:36:28 PM Ignore drpepperTX Report Abuse If tax avoidance is good enough for Al Gore, it's good enough for Shell! LOL!
Peachy1 All-Star Author St. Louis Posts:938 Points:1,678,935 Joined:Aug 2005	Message Posted: Jan 11, 2013 8:30:11 PM Ignore Peachy1 Report Abuse 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 Posts:3,558 Points:729,930 Joined:Mar 2011	Message Posted: Jan 11, 2013 7:33:16 PM Ignore md11capt Report Abuse Poor Shell.
humblepie Champion Author Toledo Posts:35,351 Points:2,399,070 Joined:Mar 2006	Message Posted: Jan 11, 2013 7:31:18 PM Ignore humblepie Report Abuse sometimes the less you pay the more it costs you
evowner Champion Author Salem Posts:2,323 Points:386,960 Joined:May 2012	Message Posted: Jan 11, 2013 7:30:04 PM Ignore evowner Report Abuse Maybe there is some justice for the wicked?
BobBG All-Star Author Albany Posts:823 Points:828,845 Joined:Nov 2005	Message Posted: Jan 11, 2013 7:16:19 PM Ignore BobBG Report Abuse 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 Posts:1,801 Points:582,030 Joined:May 2008	Message Posted: Jan 11, 2013 6:39:15 PM Ignore roadrunnin Report Abuse that's business baby
BluWahoo Champion Author Pensacola Posts:3,389 Points:406,940 Joined:Mar 2012	Message Posted: Jan 11, 2013 5:57:51 PM Ignore BluWahoo Report Abuse 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 Posts:3,863 Points:1,648,600 Joined:May 2007	Message Posted: Jan 11, 2013 5:50:43 PM Ignore VomVom Report Abuse 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 Posts:10,515 Points:2,008,425 Joined:Oct 2007	Message Posted: Jan 11, 2013 5:50:34 PM Ignore jimgraham Report Abuse 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.