ready to form a new executive. a new election will be called at one minute past midnight if no executive is formed that s 2a weeks since the last poll. in other news: the oil giant shell reports quarterly profits of nearly $9.5 billion its second highest on record but pays no windfall tax in the uk. and now we know the title of prince harry s much anticipated and controversial memoir. it s called spare, and it documents his move to america. the elected assembly which runs northern ireland is hours away from collapsing, over the region s post brexit trade arrangements. politicians have until one minute past midnight uk time that s around five hours from now to restore a power sharing agreement before a new election is called. political parties met at stormont today in a last ditch effort to try to form a new executive nearly six months after they were elected. procedures though are being blocked by the democratic unionist party the dup which objects to the no
Simonjack is with me. we heard calls for further taxes on these energy profits. we heard calls for further taxes on these energy profits. when you make £26 billion in these energy profits. when you make £26 billion in the these energy profits. when you make £26 billion in the first these energy profits. when you make £26 billion in the first nine these energy profits. when you make £26 billion in the first nine months i £26 billion in the first nine months of the year, it is totally understandable that people are calling for them to be taxed more highly. three things to point out, 90% or more of shell s profits are made outside the uk, they are taxed by otherjurisdictions. heart attacks among profits made in the us, indonesia or elsewhere. they are already paying 65% on any profits made in the uk. what is the right number? 70,100? they have made in the uk. what is the right number? 70, 100? they have also committed to spending £20 billion, £25 billion on renewables and
Here s simonjack again. 90% or more of shell s profits are made outside the uk. they are taxed by other jurisdictions very hard to double tax them on profits they re making in the us or indonesia, or elsewhere. second, they are already paying 65% on any profits they make in the uk. so what s the right number 70,100? they ve also committed to spending £20 25 million over the next decade here in the uk, mainly on renewable or low carbon energy. if you get to something like 90 100%, you ve got to wonder whether all of that would actually happen. so very tempting to see the target on the company s backs, but you know, it s tempting to see simple solutions to what are sometimes complex problems. a highly anticipated memoir by the duke of sussex, billed as a book of raw, unflinching honesty , is to be published in the new year. prince harry s book is called spare a reference to the phrase the an heir and a spare and will be released globally on january 10th. it had been expecte
But is it as easy as simply making energy companies pay more in tax? here s simonjack again. 90% or more of shell s profits are made outside the uk. they are taxed by other jurisdictions very hard to double tax them on profits they re making in the us or indonesia, or elsewhere. second, they are already paying 65% on any profits they make in the uk. so what s the right number 70,100? very tempting to see the target on these companies back. there is also very tempting to see simple solutions to what are sometimes very complex problems. let s now turn to the qatar world cup which gets going in less than a month. australia s national football team has released a video criticising qatar s human rights record. it s the first team to do so. the australian players criticised qatar s treatment of migrant workers and the lgbt community.