Shell’s Wael Sawan has been briefed by the security services about looming security concerns in the UK. Shell has enhanced its leadership get out fast procedures. Top Shell economist also forecast significant economic challenges which would negatively escalate the UKs attractiveness.
Estimate when Shell changes domicile to the USA or even Dubai.
exactly. it’s not a fair comparison.
As a shareholder I say bring it on. Tired of us trying to compare ourselves to XOM/CVX, and yet hampered by euro ESG regulations. If it boosts the share price, even better. And yes, Murica is the obvious choice. Why tf would we move to the UAE and expose ourselves to kinetic strikes??? The Iran war only exposes how much risk there there is in the ME
it’s always fun to point out to the doubters that shell did this exact same thing only 5 years ago. that being, change the entire country the corporation is legally from to evade regulations.
ultimately all that this took was filing some paperwork and moving fewer than a dozen very senior leaders to london
anyone who doubts that they would do this again is a fool. this is the greediest LT of all time. it’s not possible for them to squeeze pennies any harder.
now with that said. the next logical tax evasion move is the united states, not the UAE. one important reason is that stock prices go higher when they change form being listed on any other exchange to the US exchange. which means a reincorporation in the united states meaningfully pumps the stock. so what do you think? would our leadership team who does absolutely nothing but cut and buy back stock move the company to pump the stock? it makes a ton of sense to me.
now, bring on all of the UK people who always get so mad at this notion, even though it has already happened once in semi-recent history, because i’m just a “crazy yank”
@eh ... or V for Vendetta. But GB is already a surveillance state, so MI5 and GCHQ will squash any Guy Fawkes wannabe like a bug. The real problem is the government itself and whether it remains conducive to doing business with acceptable rates of tax. If not, Shell will use the powder keg excuse to pu--y out across the border. UAE is more attractive than the USA as long as the missiles stop flying. I still think the company will break apart with China snapping up a lot of the non-US assets. Good riddance.
@cs not quite…more like have increased security and protection due to increased civil strife. Once the people realize the state of the economy and cultural fabric…it’s Mad Max
Shell is just blackmailing/threatening the UK government with a leave for better tax terms. We did the same with the Dutch government for more than a 100 years.
The political risk is rapidly escalating UK tax rates. Oh the humanity!
Did they, aye?