• ‘Leeched Off the Taxpayer.' Church of England Hits Amazon Over Taxes and Wages

    8 days ago - By Fortune

    Amazon has “leeched off the taxpayer” said Justin Welby, an archbishop of the Church of England , which, besides tending to the spiritual needs of its flock, also has a $10.88 billion investment fund that holds Amazon shares.
    The CoE's comments on Amazon amzn are worth noting, as it is an activist investor: Earlier this summer the charity threatened the companies it invests in with divesting if they did not meet Paris climate change targets by 2023.
    “We have previously been on the record that we consider aggressive tax avoidance or abusive tax arrangements to be both a business risk and an...
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  • ‘Leeched Off the Taxpayer.' Church of England Hits Amazon Over Taxes and Wages

    8 days ago - By Fortune

    Amazon has “leeched off the taxpayer” said Justin Welby, an archbishop of the Church of England , which, besides tending to the spiritual needs of its flock, also has a $10.88 billion investment fund that holds Amazon shares.
    The CoE's comments on Amazon amzn are worth noting, as it is an activist investor: Earlier this summer the charity threatened the companies it invests in with divesting if they did not meet Paris climate change targets by 2023.
    “We have previously been on the record that we consider aggressive tax avoidance or abusive tax arrangements to be both a business risk and an...
    Read more ...

     

  • An unexpected shareholder has criticised Amazon for 'leeching off the taxpayer'

    An unexpected shareholder has criticised Amazon for 'leeching off the taxpayer'

    8 days ago - By Business Insider

    Archbishop of Canterbury Justin Welby, head of the Church of England , condemned Amazon for not paying a living wage and "leeching off the taxpayer."
    An article published in the Church Times showed that the Church has a multi-million pound stake in Amazon, and it is one of its 20 most valuable investments.
    The CoE issued a statement to the BBC saying that "to be in the room with these companies" is the best way to effect change.
    Archbishop of Canterbury Justin Welby gave Amazon both barrels on Wednesday for unethical practices, but a Church Commissioners' annual report shows that the...
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