Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Amazon Investors Can Vote On Boosting Tax Disclosure, SEC Says

April 6, 2022, 9:50 PM

Amazon.com 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 ...