Do you remember the Project Fear speeches about London loosing the value as an international finance and corporate hub? Quite the opposite happens. Uniliver decided to move to Britain. And Royal Dutch Shell thinks of the same.
Van Beurden says in the FD interview that he is thinking about a move because the cabinet’s plan to abolish dividend tax is definitely off the table. As a result, the British energy giant falls under two tax regimes and is forced to issue two types of shares. The dividend tax in the United Kingdom has been at zero for years.
Shell sees this ‘dual structure’ as a limitation and has wanted to get rid of it for some time. That is why the company is thinking about solutions to this problem.
“One of those solutions could indeed be a departure from the Netherlands. But there are no concrete plans for that, ”said the spokesman.
A possible departure from Shell would mean that two of the largest companies in the Netherlands will move their headquarters from the country. A month ago, Unilever, a multinational with the same British-Dutch roots, announced that it would move to London, although the company denies that the dividend tax is related to this.