Friday, July 23, 2021

    Shell may reconsider dual listing if Netherlands scraps dividend tax – CFO

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    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    AMSTERDAM, Nov 2 – Royal Dutch Shell could reconsider its dual London-Amsterdam listing if the Dutch government goes ahead with plans to remove a tax on dividends, Chief Financial Officer Jessica Uhl said on Thursday.

    The new Dutch government has proposed to scrap a 15 percent tax on dividend payments as part of its more business-friendly pledges.

    “That hasn’t happened yet but if (it did) then we could take a look at the structure,” Uhl told analysts on Thursday.

    “But we’ll need to wait for that to actually come to fruition before we move into decision-making in that space.”

    She said the rationale behind the company’s dual listing was to not disadvantage British-based shareholders. (Reporting by Karolin Schaps)

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