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Mist_Rising t1_iu0y4af wrote

Reply to comment by gopoohgo in Shell paid zero windfall tax in UK despite record global profits by hugglenugget

That's normally how these stories work out. The headline provides rage while the story reveals that they weren't just pocketing it. For other excellent examples see Amazon which use to the king of these headlines because it's Revenue went up but didn't pay taxes because it was spending it all too.

Or to put it simply; news sells fake anger.

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Interesting_Total_98 t1_iu1usfz wrote

Nothing they quoted contradicts the outrage. I don't see comments here calling it illegal or inexplicable, and many are skeptical of tax breaks like this one.

> It also does not cover profits made from forecourts, from refining or from trading shipments of oil and gas – areas where the company has made huge sums this year.

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TBradley t1_iu1d4r7 wrote

The fact that the windfall tax doesn’t cover refining profits is mind boggling.

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richraid21 t1_iu22iav wrote

Why would you want to discourage refinement when there is the potential for shortages across the continent.

Think, buddy.

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The_Yarichin_Bitch t1_iu2x77f wrote

But is is spent on things it needs to be spent on or spent to appear to not profit? The latter is usually the case...

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