Bloomberg Tax
April 6, 2022, 9:50 PM

Amazon Investors Can Vote On Boosting Tax Disclosure, SEC Says

Michael Rapoport
Michael Rapoport
Senior Reporter, Bloomberg Tax shareholders will get to vote on a proposal that calls on the company to disclose more about the taxes it pays, the Securities and Exchange Commission said Wednesday.

The shareholder proposal, which comes up for a vote at Amazon’s May 25 annual meeting, asks Amazon to issue a tax transparency report that includes a country-by-country breakdown of its taxes. Amazon had tried to block a shareholder vote on the proposal, but the SEC said in a letter Wednesday that the vote could go ahead.

Amazon’s effective tax rate was 12.6% in 2021 and 11.8% in 2020. The proposal ...