Excellent: OZschwitz Shell pumped $20 billion a year from motorists but paid no company tax

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.

Excellent: OZschwitz Shell pumped $20 billion a year from motorists but paid no company tax 1439122144112

Excellent: OZschwitz Shell pumped $20 billion a year from motorists but paid no company tax 1439122144112

This is an incredible situation for a nationwide network of services stations as well as a large refinery which makes up the "downstream" division of the global oil brand.

Shell last year sold its downstream business in Australia including its Geelong refinery, a portfolio of 870 petrol stations and other assets to Dutch oil group Vitol.

Read more: http://www.smh.com.au/business/comment-and-analysis/shell-pumped-20-billion-a-year-from-motorists-but-paid-no-company-tax-20150804-gir4bs.html#ixzz3iN2kpkBA

Excellent: OZschwitz Shell pumped $20 billion a year from motorists but paid no company tax

Excellent: OZschwitz Shell pumped $20 billion a year from motorists but paid no company tax

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