Special Report: How oil majors shift billions in profits to island tax havens
14 Min Read (Reuters) - 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. FILE PHOTO: An oil tank truck fills the pumps at a Shell petrol station in Sao Paulo, Brazil, May 31, 2019. Picture taken May 31, 2019. REUTERS/Nacho Doce/File Photo In 2018 and 2019, Shell earned more than $2.7 billion - about 7% of its total income in those yea...
Source: reuters.com