Published On: Thu, Nov 2nd, 2017

Shell may reconsider dual listing if Netherlands scraps dividend tax – CFO

ShellRoyal Dutch Shell could reconsider its dual London-Amsterdam listing if the Dutch government goes ahead with plans to remove a tax on dividends, Chief Financial Officer Jessica Uhl said on Thursday.

The new Dutch government has proposed to scrap a 15 percent tax on dividend payments as part of its more business-friendly pledges.

“That hasn’t happened yet but if (it did) then we could take a look at the structure,” Uhl told analysts on Thursday.

“But we’ll need to wait for that to actually come to fruition before we move into decision-making in that space.”

She said the rationale behind the company’s dual listing was to not disadvantage British-based shareholders.