"Ireland only taxes the profits of such enterprises [petroleum exploration and production]. There is no per unit tax or levy as in other countries and Ireland's tax rate is relatively low. The State also does not take an ownership stake in the field or demand royalties. Thus on this basis, Ireland's tax regime is generous in comparison to that of other countries. "
Shell will announce their 4th quarterly profits for 2011. Forecasters expect Shell to announce a 175% increase in profits from last year.
http://www.shelltosea.com/content/shell%E2%80%99s-profits-surge-175-273-...
Date:
2 February 2012 - 12:00pm 