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Shell Gets $567 Million Philippine Smuggling Complaint

The Philippines filed a 24.5 billion peso ($567 million) smuggling complaint against the local unit of Royal Dutch Shell Plc, saying it was shifting its drive against tax evasion "to a much higher gear."

Pilipinas Shell Petroleum Corp. evaded 2.72 billion pesos of excise and value-added taxes by misdeclaring and misclassifying 52 shipments from 2005 to 2009, the Bureau of Customs said in a statement. It said it was seeking the maximum fine of 800 percent, or 21.8 billion pesos, on top of this.