The “double Irish” has had its day. Wrangling over the tax affairs of US tech companies has not.
Amazon investors will next month vote on a shareholder proposal asking it to produce a tax transparency report, one aligned with global standards that include country-by-country reporting of taxes paid.
A repeat of the giant-killing exploits of the tiny Engine No. 1 fund, which last year took on Exxon over its approach to climate change, looks unlikely. But it is significant that a vote on the proposal, led by a Catholic investment fund and the UK’s Greater Manchester Pension Fund, is happening at all.
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