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
Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

offsite link Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 21:31 | imc

offsite link Fraud and mismanagement at University College Cork Thu Aug 28, 2025 19:30 | Calli Morganite

offsite link Deliberate Design Flaw In ChatGPT-5 Sun Aug 17, 2025 09:04 | Mind Agent

offsite link AI Reach: Gemini Reasoning Question of God Sat Aug 02, 2025 21:00 | Mind Agent

offsite link Israeli Human Rights Group B'Tselem finally Admits It is Genocide releasing Our Genocide report Sat Aug 02, 2025 00:54 | 1 of indy

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Mon Oct 27, 2025 01:16 | Richard Eldred
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 Top Therapist ?Ousted? After Trans Activist Row Sun Oct 26, 2025 19:42 | Richard Eldred
The leader of one of Britain's largest therapy groups has faced death threats after raising concerns about the safety of treatment for gender-questioning children.
The post Top Therapist ?Ousted? After Trans Activist Row appeared first on The Daily Sceptic.

offsite link Brazilian Chef Rejects Prince William?s Vegan Banquet: ?It?s Like Asking Iron Maiden to Play Jazz? Sun Oct 26, 2025 17:07 | Richard Eldred
A Brazilian chef has ditched cooking for Prince William at the Earthshot environmental awards after being told the menu must be vegan ? calling it a total slap in the face to Amazonian tradition.
The post Brazilian Chef Rejects Prince William’s Vegan Banquet: ?It?s Like Asking Iron Maiden to Play Jazz? appeared first on The Daily Sceptic.

offsite link The Banal, the Craven and the Sinister at a College Staff Well-being Day Sun Oct 26, 2025 15:00 | Dave Summers
Join Dave Summers for an eye-widening tour of a college staff 'Well-being' day, where the normally inoffensive 'fun, stress-busting' activities take a decidedly sinister turn.
The post The Banal, the Craven and the Sinister at a College Staff Well-being Day appeared first on The Daily Sceptic.

offsite link Fury as ?Hard-Up? Met Police Set to Splurge ?5 Million a Year on 64-Strong Woke Taskforce? as Half o... Sun Oct 26, 2025 13:00 | Richard Eldred
While the Met is axing half its mounted officers, closing stations and slashing frontline policing to plug a ?250 million hole, it's somehow found ?5.2 million for a 64-strong 'woke' taskforce and 63 diversity events.
The post Fury as ?Hard-Up? Met Police Set to Splurge ?5 Million a Year on 64-Strong Woke Taskforce? as Half of Its Mounted Officers Face Losing Their Jobs 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