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Amazon Shareholders Reject Public Tax Reporting Proposal

May 25, 2022, 10:44 PM

Amazon Inc. shareholders voted against a public tax reporting proposal in the company’s annual general meeting Wednesday.

The rejected measure—one of several resolutions calling for more reporting on issues including workers’ health —called on the company to disclose how much tax it pays in each country under the Global Reporting Initiative Standard.

  • “Currently, Amazon does not disclose revenues, profits or tax payments in non-US markets, challenging investors’ ability to evaluate the risks to our company of taxation reforms, or whether Amazon is engaged in responsible tax practices that ensure long term value creation for the company and the communities in ...