Cisco Shareholders Vote Down Oblate-Proposed Plan for Tax Transparency

OMIUSA JPIC

Fr. Séamus Finn, OMI, Director, OMIUSA JPIC, OIP

Fr. Séamus Finn, OMI

“While payment of taxes does not rank high on anybody’s wish list, they are the contributions that individuals, organizations and institutions make at all levels so that governments can function and fulfill their responsibilities. Many corporations seek to hide from the public how much they pay in the different countries in which that they operate around the world. As shareholders and citizens, we believe that access to this information allows us to verify for ourselves if they are compliant in these matters and paying their fair share to support the common good, relieve the dire poverty and suffering of many and help to build a sustainable future for all. The OIP and the OMI USP have been leading proponents of this request with Cisco, Amazon and Microsoft, three of the largest companies resisting this proposal”. “This resolution with CISCO was supported by 27% of the shareholders last week, a vote total that is considered very acceptable for the first year that a resolution is presented, and allows us to present the resolution again in 2023”

Click here to see a report on Cisco’s action by Kevin Pinner for Law 360

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