Amazon shareholders call for increased tax transparency: Financial Times

Twenty-four Amazon investors are calling on the tech giant to increase transparency in tax disclosures and adopt a new reporting standard, the Financial Times reported on Sunday.
 

Investors are trying to get a shareholder resolution demanding a new tax reporting standard brought at the company's annual meeting this year, FT said, citing a letter which will be sent to the U.S. Securities and Exchange Commission this week.
 

"Aggressive tax practices can expose a company and its investors to increased scrutiny from tax authorities, adjustment risks, and increase their vulnerability to changes in tax rules as countries look to protect their