Cisco Systems (CSCO) closed at $40.57 in the latest trading session, marking a -1.86% move from the prior day.
Cisco Systems (CSCO) closed the most recent trading day at $41.15, moving -1.06% from the previous trading session.
Cisco has urged shareholders to vote against a tax transparency proposal at its annual general meeting as pressure mounts on large US tech companies to be more open about their finances. Cisco is the second US tech company to put country-by-country tax reporting measures to an investor vote, following Amazon’s unsuccessful attempt to block a similar resolution earlier this year. “Having seen Amazon try to throw out our proposal, it is pleasing to see Cisco accept the need to put this to a vote,” said Gerald Cooney, chair of the Greater Manchester Pension Fund, one of three investors to file a resolution calling for Cisco to release a tax transparency report prepared under the Global Reporting Initiative’s tax standard.