| Shell - no profiteering here is there on 07:46 - Feb 2 with 2251 views | TractorWood |
Ridiculous. Particularly unbearable given the climate crisis.
That said at least it is London based and its primary listing is on the LSE. HMRC will be making billions in Corp tax, tax on employees and directors and VAT etc. |  |
|  |
| Shell - no profiteering here is there on 07:48 - Feb 2 with 2250 views | Dubtractor |
This is an example of why the government has badly misjudged the public mood on current strikes.
Obviously Shell making huge profits isn't related to nurses and teachers pay, but if you have a huge energy cost problem, energy companies making mega profits, and then you tell workers they can't have a pay rise to cover the cost of living, then you get a lot of pissed off people. |  |
| |
| Shell - no profiteering here is there on 08:04 - Feb 2 with 2187 views | BanksterDebtSlave |
Is this inflationary I wonder? |  |
| |
| Shell - no profiteering here is there on 08:10 - Feb 2 with 2173 views | DanTheMan |
| Shell - no profiteering here is there on 07:48 - Feb 2 by Dubtractor |
This is an example of why the government has badly misjudged the public mood on current strikes.
Obviously Shell making huge profits isn't related to nurses and teachers pay, but if you have a huge energy cost problem, energy companies making mega profits, and then you tell workers they can't have a pay rise to cover the cost of living, then you get a lot of pissed off people. |
Don't worry, Shell will invest a few million in green energy and pretend they are doing their best to fight climate change.
And of course they'll be at pains to point out they made a loss for one year and nobody helped them out so it's very mean to them to tax them properly. |  |
| |
| Shell - no profiteering here is there on 08:30 - Feb 2 with 2124 views | BlueBadger |
| Shell - no profiteering here is there on 07:48 - Feb 2 by Dubtractor |
This is an example of why the government has badly misjudged the public mood on current strikes.
Obviously Shell making huge profits isn't related to nurses and teachers pay, but if you have a huge energy cost problem, energy companies making mega profits, and then you tell workers they can't have a pay rise to cover the cost of living, then you get a lot of pissed off people. |
They haven't 'misjudged' the mood, they don't give a sh1t about it.
They know they're out next election, all they're about now in government is to ensure they, their friends and their donors can make as much cash as possible. [Post edited 2 Feb 2023 10:03]
|  |
| |
| Shell - no profiteering here is there on 08:31 - Feb 2 with 2121 views | BlueBadger |
| Shell - no profiteering here is there on 07:46 - Feb 2 by TractorWood |
Ridiculous. Particularly unbearable given the climate crisis.
That said at least it is London based and its primary listing is on the LSE. HMRC will be making billions in Corp tax, tax on employees and directors and VAT etc. |
'HMRC will be making billions in Corp tax, tax on employees and directors and VAT etc.'
I salute your optimism. | |
| |
| Shell - no profiteering here is there on 08:35 - Feb 2 with 2115 views | blueasfook |
| Shell - no profiteering here is there on 08:10 - Feb 2 by DanTheMan |
Don't worry, Shell will invest a few million in green energy and pretend they are doing their best to fight climate change.
And of course they'll be at pains to point out they made a loss for one year and nobody helped them out so it's very mean to them to tax them properly. |
It does p1ss me off that we are paying high prices for fuel, while companies like Shell are making record profits. The answer is to make them pay a windfall tax but tories have ruled that out. |  |
| |
| Shell - no profiteering here is there on 08:37 - Feb 2 with 2107 views | BlueBadger |
| Shell - no profiteering here is there on 08:35 - Feb 2 by blueasfook |
It does p1ss me off that we are paying high prices for fuel, while companies like Shell are making record profits. The answer is to make them pay a windfall tax but tories have ruled that out. |
Perhaps you should stop voting for them given how consistently they're working against your best interests her the past few decades. | |
| |
Login to get fewer ads
| Shell - no profiteering here is there on 08:40 - Feb 2 with 2107 views | DanTheMan |
| Shell - no profiteering here is there on 08:35 - Feb 2 by blueasfook |
It does p1ss me off that we are paying high prices for fuel, while companies like Shell are making record profits. The answer is to make them pay a windfall tax but tories have ruled that out. |
They did an incredibly light windfall tax where if you invest here you basically don't have to pay it and they were still moaning about that and saying how it means they probably won't invest as much.
These parasites do not give a flying fuk about the average person or the planet. They only care about short-term profits.
For all the criticism that could be / is levelled at your average joe, the real people to get angry at our the large energy companies who have spent years and years trying to first convince people climate change isn't a thing and when that stopped working they turned around and blamed us. | |
| |
| Shell - no profiteering here is there on 08:42 - Feb 2 with 2102 views | GeoffSentence |
And they are worried about losing a few quid in their retail arm, to the extent that they are talking about pulling out. |  |
| |
| Then you get situations like this: on 08:47 - Feb 2 with 2088 views | Guthrum |
https://www.theguardian.com/business/2023/feb/02/adani-group-abandons-share-offe
The first thought is that corporate corruption has been uncovered by avid investigators. Then you realise that the latter are a bunch of short-selling investors who make profits from company share prices crashing.
There may well have been dubious shenanigans on both sides. But it's all exceedingly dodgy. |  |
| |
| Shell - no profiteering here is there on 08:55 - Feb 2 with 2062 views | longtimefan |
| Shell - no profiteering here is there on 07:46 - Feb 2 by TractorWood |
Ridiculous. Particularly unbearable given the climate crisis.
That said at least it is London based and its primary listing is on the LSE. HMRC will be making billions in Corp tax, tax on employees and directors and VAT etc. |
Given that only 5% of profit is declared within the UK domain I doubt it. The majority falls under other tax jurisdictions. [Post edited 2 Feb 2023 14:36]
|  | | |
| Shell - no profiteering here is there on 09:05 - Feb 2 with 2035 views | Lord_Lucan |
| Shell - no profiteering here is there on 07:48 - Feb 2 by Dubtractor |
This is an example of why the government has badly misjudged the public mood on current strikes.
Obviously Shell making huge profits isn't related to nurses and teachers pay, but if you have a huge energy cost problem, energy companies making mega profits, and then you tell workers they can't have a pay rise to cover the cost of living, then you get a lot of pissed off people. |
Originally I was against windfall taxes in case big oil did an Amazon and relocated to an Irish or Luxembourg tax haven - or stopped re-investing - but I have changed my stance on this. I don't have a problem with firms making money but in this instance the profits, the energy costs and the environmental thing all add up to a bit of a sh1t storm. Maybe a compromise would be to introduce a tax where after ?% that figure has to go into new green tech.
I don't think the government has misjudged the mood on the current strikes by the way, I think that a lot of people think the demands are too high, this is reflected by what I see and hear.
Thing is, I don't think it's totally clear what is going on. When a £60k pa train striking train driver is asked why he is striking he might say that he is striking for ticket staff who are in a pickle because no one buys tickets through a booth anymore - and then it will be reported that ticket staffs jobs are not in question because they will be moved sideways or they can take voluntary redundancy.
To be fair, I don't know enough about the teachers and nurses current pay and conditions to comment so I haven't stuck my nose in on any threads.
My very good friend though was a fireman - I don't see much news or comments about the fire fighters action even though they are on £24k for what is a proper batsh1t job. I can't remember what % they are asking for but I would give them a 100% rise to bring them in line with a train driver. |  |
| |
| Shell - no profiteering here is there on 09:12 - Feb 2 with 2013 views | Trequartista |
I have to say this makes me far more angry than the daily Tory party scandal stories (not that they aren’t unfit to govern). The sheer audacity of the company statement saying how great it is when they are making ultra excessive profit as a consequence of misery and death. This is nothing to do with the politics of envy, it is simply Wrong, Wrong, Wrong. |  |
| |
| Shell - no profiteering here is there on 09:18 - Feb 2 with 1978 views | DanTheMan |
| Shell - no profiteering here is there on 09:05 - Feb 2 by Lord_Lucan |
Originally I was against windfall taxes in case big oil did an Amazon and relocated to an Irish or Luxembourg tax haven - or stopped re-investing - but I have changed my stance on this. I don't have a problem with firms making money but in this instance the profits, the energy costs and the environmental thing all add up to a bit of a sh1t storm. Maybe a compromise would be to introduce a tax where after ?% that figure has to go into new green tech.
I don't think the government has misjudged the mood on the current strikes by the way, I think that a lot of people think the demands are too high, this is reflected by what I see and hear.
Thing is, I don't think it's totally clear what is going on. When a £60k pa train striking train driver is asked why he is striking he might say that he is striking for ticket staff who are in a pickle because no one buys tickets through a booth anymore - and then it will be reported that ticket staffs jobs are not in question because they will be moved sideways or they can take voluntary redundancy.
To be fair, I don't know enough about the teachers and nurses current pay and conditions to comment so I haven't stuck my nose in on any threads.
My very good friend though was a fireman - I don't see much news or comments about the fire fighters action even though they are on £24k for what is a proper batsh1t job. I can't remember what % they are asking for but I would give them a 100% rise to bring them in line with a train driver. |
Looking back through their earnings reports and tax contributions, it appears we've paid them more than they gave us in tax.
In dollar amounts, taken from the tax reports / sustainability reports.
2021: (54,150,455)
2020: (66,144,531)
2019: (116,131,753)
2018: (114,910,894)
2017: 87,957,190
2016: (142,467,814)
2015: (128,360,400)
Harder to see past that point. [Post edited 2 Feb 2023 9:29]
| |
| |
| Shell - no profiteering here is there on 09:21 - Feb 2 with 1968 views | J2BLUE |
Could we legally hit them with a 50% windfall tax? |  |
| |
| Shell - no profiteering here is there on 09:28 - Feb 2 with 1923 views | OldFart71 |
I do agree with Labour on the windfall tax situation. Shell would not have expected their profits even in a very good year to have been that high. It is rubbish to suggest future investment will be affected as these companies make plans years in advance based on an assumption of likely profits. The mere fact that they have made excessive profits mean that even should a windfall tax be charged they would still have more than originally assumed to invest and the windfall would only be charged on the excessive profit and not the total profit. | | | |
| Shell - no profiteering here is there on 09:37 - Feb 2 with 1864 views | homer_123 |
| Shell - no profiteering here is there on 09:21 - Feb 2 by J2BLUE |
Could we legally hit them with a 50% windfall tax? |
You'd hope so. |  |
| |
| Shell - no profiteering here is there on 09:53 - Feb 2 with 1828 views | J2BLUE |
| Shell - no profiteering here is there on 09:37 - Feb 2 by homer_123 |
You'd hope so. |
Hopefully it will be a nice gift to Labour if Sunak refuses to do it.
NHS/military/absolutely everything in crisis and they stand by and allow Shell to make £32bn profit. Writes itself. | |
| |
| Shell - no profiteering here is there on 10:02 - Feb 2 with 1807 views | Dubtractor |
| Shell - no profiteering here is there on 09:53 - Feb 2 by J2BLUE |
Hopefully it will be a nice gift to Labour if Sunak refuses to do it.
NHS/military/absolutely everything in crisis and they stand by and allow Shell to make £32bn profit. Writes itself. |
The government have introduced a levy against extraordinary profits in the renewable sector. 45% tax on all sales above £75 per mwh.
That is an entirely correct tax as the profits being made in that sector are eye watering, with sales prices through the roof, but generating costs unchanged.
Sorry, meant to add that this shows it is perfectly possible to create taxes and levies, if the will is there. Though it prob does create more of a challenge to do it retrospectively. [Post edited 2 Feb 2023 10:18]
| |
| |
| Shell - no profiteering here is there on 10:15 - Feb 2 with 1780 views | AYACCA |
Maybe one day people will stop using their cars, turn off the electricity ( in summer) and starve these companies to bend to our will |  | | |
| Shell - no profiteering here is there on 13:26 - Feb 2 with 1674 views | SuperKieranMcKenna |
| Shell - no profiteering here is there on 08:55 - Feb 2 by longtimefan |
Given that only 5% of profit is declared within the UK domain I doubt it. The majority falls under other tax jurisdictions. [Post edited 2 Feb 2023 14:36]
|
Was hoping someone else would pick up on this - it’s actually 5pc of revenue not profit so the margin could be even lower. Point being whilst it’s an insane amount of profit, a UK windfall tax isn’t going to be very material. Definitely should be done, as have other jurisdictions but really the 32bn is irrelevant- the whole world is being fleeced!
The insanity is giving them tax breaks and subsidies for ‘investment’. Fk them off, and invest it directly in state owned renewable infrastructure. | | | |
| Shell - no profiteering here is there on 19:01 - Feb 2 with 1572 views | HARRY10 |
| Shell - no profiteering here is there on 10:15 - Feb 2 by AYACCA |
Maybe one day people will stop using their cars, turn off the electricity ( in summer) and starve these companies to bend to our will |
Or we get a government that runs the country in the interests of the 95% - that will come when enough grasp who this government IS running the country for | | | |
| Shell - no profiteering here is there on 19:07 - Feb 2 with 1550 views | clive_baker |
Highest profit in 115 years while folk are making the choice between heating or eating.
Tell me the system isn't fooked. Disgusting. |  |
| |
| Shell - no profiteering here is there on 19:09 - Feb 2 with 1547 views | Swansea_Blue |
*checks whether pension fund invests in Shell shares before commenting*
Disgusting on the face of it. But then I also find the fees in Football disgusting- imagine the good £107m could do for the vulnerable in the borough of Chelsea (if there are any in Chelsea). Sorry, going off on a tangent, but it’s all a symptom of the same problem of greed at any cost. |  |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
