Oxfam welcomes new disclosures from Royal Dutch Shell Plc (“Shell”), the British-Dutch oil and gas company, that are part of a broader move toward corporate tax transparency. Global tax dodging by multinational corporations fuels economic inequality and undermines investments in poverty-reducing social services. Tax transparency can help shine a light on whether companies are paying what they should. Oxfam encourages governments to require publication of companies’ country-by-country tax reports and for companies to disclose their profit and tax payments. In a new report recently released, Shell went beyond its legal…
Read MoreShell makes major step toward tax transparency, combating oil sector secrecy says Oxfam
