PIRC Supports Holder Proposal Filing on Amazon Tax Disclosure

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

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