Global Charity Slams Big Oil For Non-Transparent Tax Practices ...Middle East

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Global Charity Slams Big Oil For Non-Transparent Tax Practices
A global charity, which is also a shareholder in a number of large multinational companies, has slammed U.S. Big Oil majors for having non-transparent tax practices, which put poorer countries at a disadvantage. In a series of shareholder resolutions filed with Exxon, Chevron, and ConocoPhillips, charity Oxfam said that the three’s tax practices’ “lack of transparency creates a material risk for long-term investors who want to safeguard against risks of reputational damage and the possibility of shelling out millions due to lawsuits,…

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