The shareholder resolution on responsible tax practices is a sensible response to a growing public backlash against irresponsible corporate abuses—and adopting it could help Facebook to rebuild its reputation. Doing so would put Facebook in the company of other corporations that have embraced “The B Team Responsible Tax Principles,” a newly released set of principles recommended by a coalition of businesses interested in more socially responsible corporate behavior. Unfortunately, it appears Facebook has instead decided to resist these efforts by calling for shareholders to vote down the resolution in support of outlining positive tax principles.
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