Shell is considering moving its headquarters from the Netherlands to end the double share structure, the FD writes on Saturday.
Ben van Beurden, the CEO of the British-Dutch oil company, indicates in an interview with the FD that he is considering the option. Although according to Van Beurden there are no concrete plans yet.
Shell currently has its headquarters in The Hague. With a move to the United Kingdom (UK), the company would only need to issue shares through the UK tax system.
In 2018, the Rutte-III cabinet decided not to abolish dividend tax for companies. In the UK, the tax on distributed profit for shareholders is still zero. This makes it more attractive for Shell to keep its headquarters in this country.
Unilever, another British-Dutch multinational, also announced plans to move its headquarters from the Netherlands to the UK last month.