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Dutch government attempts to keep Shell – revives exit tax

In attempts to keep Shell in the Netherlands, the oil major now faces a potential exit tax from the Dutch government amid plans to relocate to the UK.

Photo: Robin Utrecht/AFP/Ritzau Scanpix

Shell faces an exit penalty by the Dutch government following the oil major's decision to relocate its headquarters, including its tax base, to the UK, writes The Times.

The exit tax proposed by Dutch opposition could amount to billions of pounds sterling, according to the media.

On Monday, the British-Dutch oil major caused a stir in the Netherlands when announcing its coming move to the UK, where the company is registered.

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