Revenue transparency and tax
The payment of taxes is a central link between governments, communities and businesses. Being transparent is about showing how developing energy resources responsibly provides governments with an opportunity to generate revenues, support economic growth and enhance social development.
We recognise our responsibilities towards investors, governments, suppliers, employees and the communities we are part of. Revenue transparency and the taxes we collect and pay are among the ways we embrace this responsibility.
In 2019, Shell published its first Tax Contribution Report. The report presents Shell’s approach to tax and explains how our business is taxed. We also share our views on special topics such as tax incentives and low-tax jurisdictions. For the first time, we also voluntarily disclosed the corporate income tax paid to individual countries and locations for 2018.
Read more about tax and transparency in the Tax Contribution Report at www.shell.com/taxcontributionreport.
This report builds on the information we disclose in our Annual Report and Form 20-F, Sustainability Report, Payments to Governments Report and through the Extractive Industries Transparency Initiative. We aim to publish our Tax Contribution Report annually.
In 2019, Shell paid more than $61.3 billion to governments. We paid $7.8 billion in income taxes and $5.9 billion in government royalties, and collected $47.6 billion in excise duties, sales taxes and similar levies on our fuel and other products on behalf of governments.
Shell responsible tax principles
Accountability and governance
Relationships with authorities
Seeking and accepting tax incentives
Supporting effective tax systems