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