FirstFT: The Dutch government scrambles to keep Shell in the Netherlands

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The Dutch government launched a Eleven hours of trial By seeking to abolish the controversial dividend tax cited by the energy group, Shell remains in the Netherlands as a reason to unify its shareholding structure and move its headquarters to the United Kingdom.

Dutch government officials told the Financial Times that the caretaker government of Mark Rutte is seeking to obtain a majority in parliament at the last minute to eliminate the 15% withholding tax, which has long been Shell and other Anglo-Dutch transnational The source of the company’s complaint. Unilever.

In Shell’s announcement that it will end its dual shareholding structure and Transfer the entire tax base To the UK. The Dutch government stated that the announcement was an “unpleasant surprise” and is now working hard to prevent Shell from leaving.

Earlier this year, Shell CEO Ben van Beurden cited the Netherlands’ failure to eliminate dividend taxes as a potential reason for leaving the country. Since there is no withholding tax on dividends, the UK is an exception in most European countries.

Thank you for reading FirstFT Asia.This is the rest of the news today-Emily

1. Biden signed a 1.2 trillion dollar infrastructure bill into law Joe Biden signed Infrastructure Investment and Employment Act Yesterday, when the approval rate of the US President hit a record low, he won a legislative victory.

2. Russia warns of the consequences of hostilities in Ukraine German and French foreign ministers Heiko Maas and Jean-Yves Le Drian promised in a joint statement “Unwavering support For Ukraine’s independence, sovereignty, and territorial integrity,” ministers held a meeting to discuss the threat posed by the build-up of Russian troops on the country’s borders.

3. Duterte entered the Senate bid at the last minute Philippine President Rodrigo Duterte enters Candidate for the eleventh houry Participated in next year’s national elections and changed the oath to withdraw from politics less than an hour before the party’s deadline for changing candidates.The decision was made a few days later by Duterte’s daughter Sara Duterte-Carpio It was announced that she was running for vice president.

Supporters of Sara Duterte-Carpio, daughter of President Rodrigo Duterte of the Philippines, expressed support during a demonstration outside the office of the Election Commission in Manila on Monday © Francis R Malasig/EPA/Shutterstock

4. North Korea sends a signal to reopen the Chinese border North Korea is Convert air base Analysts said the move could lead to the resumption of trade with China and undermine US hopes that economic pressure might force Pyongyang to return to the nuclear negotiating table.

5. Apollo abandoned its plan to hire a star financier as vice chairman Apollo Global Management says it has been forced Abandon its plan Hire former TIAA boss Roger Ferguson (Roger Ferguson) as vice chairman, after the senior investment executive revealed a promise to his former employer that he was barred from holding the position.

Coronavirus Digest

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  • Japan’s economy Shrinking sharply In the third quarter, the global supply chain disruption and the resurgence of Covid-19 cases restrained spending.

  • JP Morgan Chase Jamie Dimon Become the first boss of a major Wall Street investment bank Visit Hong Kong or Mainland China Since the beginning of the epidemic.

the day before

U.S. trade officials continue their trip to Asia After meeting with officials in Tokyo yesterday, U.S. Trade Representative Katherine Tai (Katherine Tai) will Continue to South Korea and India Minister of Commerce Gina Raimundo will travel to Singapore and Malaysia. (politics)

McGraw Collection Auction The most expensive art collection at auction will be auctioned at Sotheby’s in New York.Sotheby’s estimates that the 35 works auctioned will sell for US$400 million or more that night, and it is expected to bring 6 masterpieces At least 20 million U.S. dollars each.

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What are we still reading

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©James Ferguson

©James Ferguson

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