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John,
Tomorrow, Amazon shareholders will vote on a motion that Amazon tried to kill. But thanks to the U.S. Securities and Exchange Commission (SEC), the vote must proceed as planned.
If passed, the motion will hold Amazon accountable by requiring it to disclose its revenues, profits, taxes, and other useful information relating to actual operations in each of the countries where it books income. This will expose Amazon’s shifting of profits offshore to avoid paying what it owes in taxes here at home.
Already, 60,000 people from across the country have signed this petition, urging Amazon shareholders to vote in favor of tax transparency. We’ll deliver your signature to shareholders before tomorrow’s meeting. Sign now!
Offshore profit shifting by corporations is estimated to cost the U.S. government as much as $100 billion in lost tax revenue every year.[1] This is money that could be put toward lowering healthcare costs for millions of Americans, fighting the climate crisis, or investing in free preschool for every 3 and 4 year old in the country.
Amazon, which is worth $1.1 trillion, doesn’t want the public to know how much of that lost revenue it owes.[2] Public disclosure could allow investors and the public to find out.
Can we get to 65,000 signers before tomorrow’s Amazon shareholders meeting? Add your name today!
Thank you for holding profitable tax dodging corporations accountable.
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
[1] “The Made in America Tax Plan,” U.S. Department of the Treasury, April, 2021
[2] “Market capitalization of Amazon (AMZN)” Companies Market Cap, May 16, 2022
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