Investor anger over Shell bill

SHELL shareholders yesterday expressed anger at a €120 million tax bill that will follow the biggest overhaul in the oil giant’s 100-year history.

They accused the board of “hanging them out to dry” by devising a scheme to unify its British and Dutch assets that leaves many facing large losses from capital gains tax.

Shell Transport, which has its headquarters in London, plans to merge with Netherlands-based Royal Dutch Petroleum next month as it strives to eliminate failings that led to its reserves crisis last year.