Big Oil Boosts Earnings From Tax-Haven Affiliates ...Middle East

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Big Oil Boosts Earnings From Tax-Haven Affiliates
source : OILPRICE ( Middle East ) () 43
Some of the world’s biggest oil corporations have boosted their earnings in recent years by paying very little or no taxes at all on profits of their affiliates in offshore tax havens, Reuters reported on Wednesday, citing a review of company filings and reports from rating agencies. According to a special Reuters report by Tom Bergin and Ron Bousso, companies such as Chevron, Shell, BP, Total, and Eni have affiliates providing oil trading, banking, or insurance services in offshore tax havens, and the profits of those affiliates are either…

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