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Business & Finance

Reuters reveals how oil majors shift billions in profits to island tax havens

Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc. In a Special Report, Reuters revealed how Shell and other oil majors are avoiding hundreds of millions of dollars in taxes in countries where they drill by shifting profits to thinly staffed insurance and finance affiliates based in tax havens. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: South America
Countries: BahamasBermuda
Win Types: Exclusivity
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Major Global Story
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