Royal Dutch Shell leaving the Netherlands.

[PimTac]

In the process of the move to London Royal Dutch Shell will eliminate Royal Dutch from its name

Shell Shake-up Leaves Dutch Royally Hacked off

Royal Dutch Shell's decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige.

www.newsmax.com

 

[4WD]

Bet the Dutch are Shell shocked

 

[tyman]

Oh snap

 

[PimTac]

Bet the Dutch are Shell shocked

They are quite upset. The Royal honor was bestowed on the company and the Dutch feel like Shell is discarding it like it’s nothing.

 

[BMWTurboDzl]

They are quite upset. The Royal honor was bestowed on the company and the Dutch feel like Shell is discarding it like it’s nothing.

The Dutch need to blame the Dutch Courts for this move.

 

[alarmguy]

Good for Unilever and good for Shell. The Dutch people made doing business in their country unreasonable for these companies so they pack up and leave.
They like others will learn from this.
Like so many news stories you have to read the last few sentences to understand why they left.
It’s no different then why we and our families may move to a more family and company friendly state

 

[KGMtech]

The Brits offered to pay for a full meal, the Dutch....went Dutch.

 

[OVERKILL]

Saw that this AM. The EU is becoming a total gong show, not surprising unfortunately.

 

[JavierH19]

Jaja, the Dutch deserve it. Let them reap what they've sown.

 

[javacontour]

Well, the court told them to move quickly.

Not sure this move is what they meant...

 

[Dinoburner]

They are quite upset. The Royal honor was bestowed on the company and the Dutch feel like Shell is discarding it like it’s nothing.

Hmmmm wonder what Prince Harry thinks, not that anyone cares.

 

[y_p_w]

They're not really leaving. They're just reestablishing HQ in a different location and apparently doing so for tax purposes.

 

[Bjornviken]

Saw that this AM. The EU is becoming a total gong show, not surprising unfortunately.

Yes, and more is coming...

 

[wemay]

"Its formal name will now become Shell Plc - if changes to the dual share structure and other plans are approved."

Read Newsmax: Shell Shake-up Leaves Dutch Royally Hacked off | Newsmax.com

 

[alarmguy]

They're not really leaving. They're just reestablishing HQ in a different location and apparently doing so for tax purposes.

Just like Americans do when they move to a more tax friendly state. Yeah, they are leaving, I agree they are moving their HQ for tax purposes. Sure much of the existing business will be there but this is now the second major corporation to bolt from them, it sets a tone for corporations and future business in their country. Two HUGE corporations have now left, that sends a huge signal to the world that it is not a very corporation friendly country.

They do take notice and it is a sting for them as they most likely thought Shell was making empty threats and didnt take it serious.
Just the Dutch angry responses tell a story that they did not expect this to happen.

Anyway, I agree with you, these public servants are not anymore intelligent then the population, have their big heads in the clouds /// thinking they have the power to control and tax anything.

 

[y_p_w]

Just like Americans do when they move to a more tax friendly state. Yeah, they are leaving, I agree they are moving their HQ for tax purposes. Sure much of the existing business will be there but this is now the second major corporation to bolt from them, it sets a tone for corporations and future business in their country. Two HUGE corporations have now left, that sends a huge signal to the world that it is not a very corporation friendly country.

They do take notice and it is a sting for them as they most likely thought Shell was making empty threats and didnt take it serious.
Just the Dutch angry responses tell a story that they did not expect this to happen.

Anyway, I agree with you, these public servants are not anymore intelligent then the population, have their big heads in the clouds /// thinking they have the power to control and tax anything.

Headquarters are frankly a rather nebulous thing. I've seen plenty of Silicon Valley companies that are legally incorporated/headquartered in some small office (or even just what's effectively a mailbox in the Cayman Islands or Singapore. But this does sound like upper management will be operating out of the UK now.

 

[PandaBear]

They are quite upset. The Royal honor was bestowed on the company and the Dutch feel like Shell is discarding it like it’s nothing.

They weren't really Dutch after the Suez Crisis.

 

[Finklejag]

Who’s next, Philips?

 

[tcp71]

How Brexit play into this. They are not headquartered in an EU Country now.

 

[nthach]

Who’s next, Philips?

PPG wanted to buy out AkzoNobel. That wasn’t approved by the FTC and the EU - that would have given PPG more of the paint market - especially the automotive and architectural markets. AkzoNobel is a solely paint company now much like PPG is - much like PPG sold their glass holdings to Vitro, AkzoNobel sold their core chemicals business to highest bidder.