Investors with more than $350 billion in assets have demanded that Microsoft publish more transparent tax and financial information.
A shareholder resolution on tax transparency was presented to Microsoft ahead of its annual shareholders’ meeting, said Pensions & Investment Research Consultants (PIRC), a company that advises investors on voting and organizer of the action.
Investors such as Nordea, AkademikerPension and the Greater Manchester Pension Fund supported the resolution, PIRC said.
The resolution calls for the company to publish financial and tax information for each country outside its home market in the United States so that investors can assess whether the company is paying fair taxes and identify any risks posed by tax reforms.
Shareholders also ask Microsoft to produce a tax transparency report in accordance with the Global Reporting Initiative’s tax standard.
A similar resolution was also presented to tech giant Cisco, the PIRC said.
Microsoft and Cisco were not immediately available for comment.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
