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4.0 -10.0 r. 26.0 Netherlands 25.0 Denmark r change -7.0 25.0 Austria (percentage points) -9.0- 25.0 -4.5 Finland 2000-2013 -7.0 24.5 United Kingdom si 2013 rate 23.0 Sweden 22.0 -6.0 Switzerland -3.7 21.1 Turkey -13.0 20.0 Chile 5 20.0 -40 -20 0 20 Source: OECD, Centre for Tax Po
he second Locus of secrecy Corporate secrecy Banking secrecy Lawyer-client privileges Offshore Trusts Mechanisms and tools Limited liability Shell corporations Opaque ownership Bank-client protection Correspondent banks Company run by Legal Counsel Secrecy laws Flee clause Objectives and
emen*, the PlYSE de NASD, NIA end SP.: In Garenry this report • •pproyed erolke COMMUnCated by Onsche Ben AG Frankton eAlnonted by the Oaf, n In the Unsed Kingdom this neon is approved 'walla commonated by Deutacts. tat AG London, • tremble of the London Seat &change and regaled by the Funnel Conduct Authorit
Hunter n South Altos 10080:0290.101 Adchanl ,fformai on MPveto Pawnee, other hfilfhtal pedal. Of eapialra Chof salad et the reptaft ereleble upon (Shell The 'WOO may not be nip( °CVO.). dalmbina Or publenal by any anon for an purpose velheat De.odo San'. Sarah when constre Plena cite source when wary
r, isolated part of the world that had liberated itself from Ottoman rule during the First World War, and came then under the paracolonial aegis of Great Britain. The kingdom was organized in religious terms by a version of Sunni Islam called Wahabism (or Salafism). Wahabism is a very strict puritanical doct
7 the search for an American partner brought an Israel Petroleum Authority official to Houston and the offices of Shell Oil. It was a smart choice. Shell had been making breakthrough discoveries in how to produce oil from shale rock, thanks to its chief scientist, Harold Vinegar. He had modified a pr
icals facilities like Sadara, downstream integration at its many refineries, and potential acquisitions. The recent announcement of the US split with Shell was followed by comments that the breakup was due to different strategies by both companies with Aramco increasing its focus on petrochemicals. Petr
Page: HOUSE_OVERSIGHT_016180 →Ms Paper #26 | 30 June 2016 83 HOUSE_OVERSIGHT_016193 --- PAGE BREAK --- This information: has been approved for publication and is distributed in the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Mer
Page: HOUSE_OVERSIGHT_016194 →eversals where projected dividend yield is highest relative to the CDS spread. We note that: « Royal Dutch Shell’s stock yield is attractive vs CDS: Shell’s projected 12m div yield is 7.5% while its CDS is 52bps (0.5%), resulting in a div yield-CDS spread of 7.0%, the highest in our screen; this suggest
Page: HOUSE_OVERSIGHT_023589 →eign currency rates of exchange may adversely affect ing ADRs, effectively assume c UK Readers: The protections provided by the U. located outside of the United Kingdom. BofA MLPF&S or one of its affiliates is a regular issuer of traded financial instru time, hold a trading position (long or short) in the securities
Page: HOUSE_OVERSIGHT_023610 →Entities connected to both United Kingdom and Shell

Jeffrey Epstein
PERSON
Ghislaine Maxwell
PERSON
United States
LOCATION
Prince Andrew
PERSON
Donald Trump
PERSONLeon Black
PERSON
Julie K. Brown
PERSON
George W. Bush
PERSON
Bill Clinton
PERSON
New York
LOCATION
Norway
LOCATION
Virginia Giuffre
PERSON
Department of Justice
ORGANIZATION
Marc Rich
PERSON
Alan Dershowitz
PERSON
Prince Charles
PERSON
Barack Obama
PERSON
John F. Kennedy
PERSON
Stephen Hawking
PERSON
Denmark
LOCATION