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PIRC Supports Holder Proposal Filing on Amazon Tax Disclosure

Dec. 17, 2021, 9:10 AM

Proxy adviser PIRC is supporting the OIP Trust and Greater Manchester Pension Fund in their filing of a shareholder proposal at Amazon.com Inc., calling on the company to disclose global tax practices and risks to investors.

  • Says in an emailed statement that Amazon does not disclose revenues, profits, or tax payments in non-U.S. markets, challenging investors’ ability to evaluate the risks of taxation reforms
  • They say investors need “greater transparency” to evaluate the sustainability of Amazon’s growth
  • AkademikerPension has pre-declared its intention to vote in favor of the shareholder proposal

To contact the reporter on this story:
Rebecca Smith in ...