Shell moved storm-stricken oil rig to avoid state taxes


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Submitted by lambert on Sat, 01/05/2013 - 1:53pm

Departments:

Department of Schadenfreude

Independent:

Shell’s ill-fated attempt to tow an offshore oil rig from Alaska to Seattle in the final days of December was motivated by a desire to avoid $7m (£4.3m) of Alaskan state taxes, it emerged today.

But the oil giant will instead suffer a multi-million dollar loss on the exercise after the rig ran aground off the Alaskan coast on Monday night.

Ha ha.

Because corporations are always more efficient than government.

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