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Shell has announced it will relocate its tax headquarters to the UK and the Dutch government has issued its warning

Shell has announced it will relocate its tax headquarters to the UK and the Dutch government has issued its warning

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London (AFP) – Anglo-Dutch oil company Royal Dutch Shell announced on Monday that it wants to simplify its structure, particularly leading to the relocation of its tax residential and administrative systems from the Netherlands to the United Kingdom.

The group said in a statement: “It wants to reorganize its tax residence with the country in which it is registered. The United Kingdom wants to move its governing bodies.” Stakeholders must vote by December 10 for the proposed changes.

As a result, the Dutch economic affairs minister said the Dutch government was “unwillingly surprised” after Shell announced plans to move its headquarters to Britain.

In a statement on Twitter, Minister Steve Black said, “The company has informed the government of its intention to relocate its headquarters to the UK. This is an unpleasant surprise to us. The government deeply regrets having such an intention.”

“We are in talks with Shell about the implications of this move for jobs, important investment decisions and sustainability. These are very important things,” Black added.

“Shell has assured us that the consequences of this decision for staff will be limited to the transfer of several executive and board positions from the Netherlands to the United Kingdom,” he said.

The plan is to shut down Shell’s Anglo-Dutch structure following a series of setbacks in the Netherlands in recent months.

As a historic victory for climate activists, a Dutch court in April ordered Shell to reduce greenhouse gas emissions.

The court in The Hague ruled that Shell should reduce its carbon emissions by 45 percent by 2030 because it contributes to the “catastrophic” consequences of climate change.

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Then the largest Dutch pension fund (ABP) announced in October that it would stop investing in all fossil fuel companies, including Shell.

Shell’s plans are another blow to the Netherlands after consumer goods company Unilever said last year that it had become a British company.