From The Church Times-THE Church Commissioners have defended their holding a multi-million pound stake in Amazon Inc, after the Archbishop of Canterbury accused the company of “paying almost nothing in tax”.
The Commissioners’ annual report for 2017 indicates that the company is among their 20 most valuable equity holdings.
On Thursday, a spokesman confirmed that, “As a global investor with a diverse portfolio, Amazon is listed as one of our top 20 holdings globally.
“The Church Commissioners have previously been on the record that we consider aggressive tax-avoidance or abusive tax-arrangements to be both a business risk and an ethical issue. As with other issues, we take the view that it is most effective to be in the room with these companies seeking change as a shareholder.
“We continue to work with other shareholders to tackle this issue via engagement with companies and their managers.”
More here-
https://www.churchtimes.co.uk/articles/2018/21-september/news/uk/church-commissioners-defend-large-stake-in-amazon
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