Loading ...Netherlands Scrambles To Abolish Dividend Tax After Shell Says It’s Moving Its Tax Base To The U.K.
Once again, ‘green’ grandstanding and virtue signaling has come back to bite people square in the ‘common sense’ arse. The latest example comes from the Netherlands.
Green activists caused “political uproar” when burdensome taxes against multinationals were considering being lifted several years ago. Now, those taxes have forced major corporations like Shell and Unilever out of the country.
Hours after Shell announced it would end its dual share structure and move its entire tax base to the U.K., the Netherlands is scrambling to try and keep the oil major within its borders.