Bertille Bayart: "Shell, farewell to the Netherlands"

A "Megxit" upside down. Harry and Megan had relinquished their British royal titles to settle in Madame's country, the United States. The Shell oil group, binational since a cross-border merger in 2005, chooses to abandon its royal Dutch title to be only of British nationality. The company leaves The Hague for London with arms - head office and tax residence - and luggage - the managing director, the financial director, the meetings of the executive committee. Symbol of this decision announced Monday: the company will no longer be called Royal Dutch Shell but Shell Plc. It's less chic but more profitable. A tax less is well worth sacrificing a crown.

Because, behind an argument to simplify its structures, the reason for Shell's move is primarily fiscal.

The company is not really hiding it: it no longer tolerates the 15% tax on dividends in the Netherlands, which weighs directly on its shareholders on the continent.

This

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