News Archives » Fr. Séamus Finn
Cisco Shareholders Vote Down Oblate-Proposed Plan for Tax Transparency December 14th, 2022
Fr. Séamus Finn, OMI, Director, OMIUSA JPIC, OIP
“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”
Fr. Séamus Finn, OMI Speaks at Harvard Islamic Finance Conference October 21st, 2022
SEC Backs Amazon Holders On Global Tax Transparency Vote
A Roman Catholic priest told Law360 on Wednesday that he won the U.S. Securities and Exchange Commission’s approval for a vote among fellow Amazon.com shareholders on his global tax transparency proposal, bypassing the company’s request to block his measure.
The Rev. Séamus Finn told Law360 that his proposal for a shareholder vote will be included in materials at the corporation’s annual meeting in May, when a landmark vote will take place on whether to force Amazon to publicly disclose tax payments in each country of operation. Finn works on policy and investments for the Missionary Oblates of Mary Immaculate — a 200-year-old congregation based in Aix-en-Provence, France — whose attorney Con Hitchcock said the SEC’s denial of Amazon’s no-action request is a watershed moment in tax transparency.