amazon

For Business Roundtable, Corporate Social Responsibility Does Not Require Paying Taxes

By David Moore,

Published on Apr 6, 2021   —   1 min read

big businessBrick House CooperativeBusiness RoundtableFedExlobbyingNikeSalesforce
A driver with FedEx carries a package away from a van in Seattle, Dec. 2020.

Summary

Dozens of companies in the Business Roundtable lobbying group have paid no federal income tax in recent years while claiming to lead on "inclusive prosperity."

When 181 CEOs of the biggest companies in America put their collective weight behind a press statement, the sheer force of the PR can generate some pretty friendly headlines across the media. 

The Business Roundtable is a lobbying group representing the heads of large companies often in the news for their views on corporate social responsibility, including Amazon, Apple, hedge fund giant BlackRock, JPMorgan Chase, ExxonMobil, and Walmart. In mid-2019, the Business Roundtable put out a grand Statement on the Purpose of a Corporation that committed the signers to no longer principally serve their shareholders, but rather aims above all for “inclusive prosperity” that protects the environment while building a sustainable economy. 

Full post at The Brick House Cooperative.

Share on Facebook Share on Linkedin Share on Twitter Send by email

Subscribe to the newsletter

Subscribe to the newsletter for the latest news and work updates straight to your inbox, every week.

Subscribe