Upcoming Events

National | Crime and Justice

no events match your query!

Blog Feeds

Anti-Empire

Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Economic Collapse is Now Inevitable Sun Jun 29, 2025 09:00 | Sallust
Economic collapse is now inevitable, says Daniel Hannan in the Telegraph, and he identifies June 27th 2025 as the Ground Zero Day when the future became set in stone.
The post Economic Collapse is Now Inevitable appeared first on The Daily Sceptic.

offsite link Trump the Philosopher Sun Jun 29, 2025 07:00 | James Alexander
Trump is great because he calls a spade a spade, which is unheard of in Western politics, says Prof James Alexander. What's more, sometimes, as we saw with Iran, he refuses, like the philosopher, to take sides.
The post Trump the Philosopher appeared first on The Daily Sceptic.

offsite link News Round-Up Sun Jun 29, 2025 00:09 | Will Jones
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Does Reform UK Need to Move to the Centre to Win in 29? Sat Jun 28, 2025 17:00 | Joe Baron
The conventional wisdom inside the Westminster bubble is that elections are won on the centre ground. Ignore this PPE bromide, Joe Barron tells Nigel Farage. Stick to your Right-wing agenda.
The post Does Reform UK Need to Move to the Centre to Win in 29? appeared first on The Daily Sceptic.

offsite link Parents Can Remove Children From Classes With LGBT Books, US Supreme Court Rules Sat Jun 28, 2025 15:00 | Will Jones
Parents can take their children out of classes if they are reading books with LGBT characters and storylines in them, the US Supreme Court has ruled, as the US upholds a parental right denied in the UK.
The post Parents Can Remove Children From Classes With LGBT Books, US Supreme Court Rules appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

News Release: Vermilion's Luxembourg tax deal will further reduce revenue from Corrib – by how much?

category national | crime and justice | press release author Wednesday November 12, 2014 23:34author by shell2sea Report this post to the editors

-- Corporation tax is only means of extracting revenue from Irish resources --

Shell to Sea has called on Minister for Energy and Natural Resources Alex White to clarify what impact Corrib Gas partner Vermilion's Luxembourg tax avoidance deal – revealed in today's Irish Times – will have on the revenue the exchequer thinks it will earn from the Corrib gas field. [1]

Spokesperson Maura Harrington said: "Under Ireland's dysfunctional licensing terms, corporation tax is the only means the State uses to extract revenue from gas or oil found under Irish territory. Today's revelation that Vermilion is using a Luxembourg tax avoidance deal to reduce its tax bill in Ireland raises serious questions for Minister Alex White and the Government."

"The 'Luxleaks' disclosure confirms what campaigners and others have warned about for many years – that creative accounting means the revenue earned from a gas field such as Corrib will be only a tiny fraction of the revenue these multinationals generate for their private and out-of-state shareholders. [2]

Ms Harrington continued "Shell, Statoil and Vermilion plan to sell the gas from this Irish gas field to Irish consumers at the international market rate, and will then use complex tax structures such as those involving Luxembourg to move their profits around the world and ensure the Irish people see little or none of the revenue."

Former Managing Director of the Corrib Gas project, Brian O’Cathain previously stated in 2010 “That Corrib will never pay tax”.[3]

ENDS

http://shelltosea.com/content/news-release-vermilions-l...-much

Links/References

[1] Corrib gas partner using Luxembourg deal to reduce tax bill - Colm Keena - Irish Times - 7/11/14
http://www.irishtimes.com/business/economy/corrib-gas-p...91553

[2] Making a Killing: Oil Companies, Tax Avoidance and Subsidies - Platform London
http://platformlondon.org/p-publications/making-a-killi...idies
[3] Corrib 'will never pay tax' says project's former MD - News Release – Dublin Shell to Sea
http://www.shelltosea.com/content/news-release-corrib-w...er-md

See also earlier press release:

Corrib gas partner using Luxembourg deal to reduce tax bill
http://shelltosea.com/content/corrib-gas-partner-using-...-bill

© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy