shareholder proposal · 2022
Lead filer not named in Amazon's proxy statement; the Missionary Oblates of Mary Immaculate United States Province was a co-filer at Amazon
Asked the board to issue a tax transparency report to shareholders, at reasonable expense and excluding confidential information, prepared in consideration of the indicators and guidelines set out in the Global Reporting Initiative's Tax Standard, which covers revenues, profit or loss before tax, corporate income tax paid and employee numbers in each jurisdiction.
What happened
Result: Voted on as Item 12 at the annual meeting of 25 May 2022 and not approved: 64,702,796 votes for, 305,060,237 against, 3,107,496 abstaining and 53,465,310 broker non-votes, which is 17.5% of the votes cast for and against. The FACT Coalition reported the same vote as more than 21 percent of independent shareholders, representing $144 billion in shares, and said it was the first time a public country-by-country reporting proposal had gone to a vote anywhere.
We found no tax transparency report from Amazon prepared to the GRI Tax Standard, and no change that any source we opened attributes to this vote. Amazon had tried to keep the proposal off the ballot and the Securities and Exchange Commission sided with the shareholders.
Who is involved
- Lead filer not named in Amazon's proxy statement; the Missionary Oblates of Mary Immaculate United States Province was a co-filer filer, not an organization we hold yet
- Amazon.com Inc. company
What this campaign is about
- Domestic resource mobilization, including tax Necessary · UN Sustainable Development Goals