Message from the Chief Financial Officer
Shell’s approach to taxes
Special topics
Our tax data
Switzerland
118 Employees
THIRD-PARTY REVENUES
RELATED-PARTY REVENUES
TOTAL REVENUES
PROFIT BEFORE TAX
TAX PAID
TAX ACCRUED
TANGIBLE ASSETS
STATED CAPITAL
ACCUMULATED EARNINGS
Main Business Activities
- Downstream
- Trading and Supply
- Other support activities
Shell has been active in Switzerland for more than 100 years. Shell markets fuels and operates a large network of retail sites. Shell’s activities also include the production of lubricants and the sale of bitumen and aviation fuels. Shell conducts financial and insurance activities, and trademark management and licensing services for its operations around the globe.
From 2020 onwards, we no longer provide funding to Group operating companies and also substantially reduced the hedging of currency exposures from Switzerland.
Country Financial Analysis
In the canton of Zug where Shell is located, the regional statutory corporate income tax rate is approximately 16.7%. Tax paid at federal and cantonal level is tax deductible, leading to an overall effective rate of 14.3% for 2019.
Profit in 2019 includes interest income from financing, currency exchange rate movements, insurance premiums and trademark licence fees, as well as from downstream activities. As a result of currency movements, significant exchange differences may arise in Switzerland and can contribute to volatility in the results.
