Shell expects to pay a total of nearly $2.4bn in windfall levies in the EU and UK for 2022, meaning it will pay UK tax for the first time since 2017.
The oil major said on Friday that it expected to pay an additional $2bn in taxes following changes introduced in the EU and the UK since September to capture some of the windfall profits oil and gas companies have been making from high commodity prices.
This $2bn would be on top of $360mn in expected windfall tax charges Shell had already disclosed to investors, bringing the total to nearly $2.4bn.
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