Oil and Gas UK says industry is “major contributor” after tax haven claims
ByNiamh Burns
The chief executive of Oil and Gas UK said the industry is still a “major tax contributor” after a report claimed some operators had links to tax havens.
Industry body boss Deirdre Michie said several billion pounds a year was being paid by the supply chain in coporation tax and payroll taxes.
It comes after the report from the International Transport Workers’ Federation (ITWF) said companies such as Chevron were using “aggressive tax minimisation” while also alleging the firm had $32billion in offshore accounts and hundreds of offshore subsidiaries.
