As consumer attention towards the Israel-Palestine conflict intensifies, scrutiny falls upon H&R Block and its potential ties to Israel as a colonial power in Palestine, prompting questions about the company’s economic involvement in the region.
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Ownership Structure: Who Controls H&R Block?
Founded in 1955 by brothers Henry W. Bloch and Richard Bloch, H&R Block has expanded into a prominent tax preparation company, with a global presence. Henry Bloch’s engagement in civil leadership and support for Jewish organizations further complicates the company’s image.
Regarding ownership, BlackRock Advisors LLC and Vanguard Fiduciary Trust Co. owns significant amount of H&R Block, Inc.’s shares, raising concerns about the company’s potential economic support for Israel.
- Founded in 1955 by Henry W. Bloch and Richard Bloch, H&R Block has become a leading global tax preparation company.
- Henry Bloch’s involvement in civil leadership and support for Jewish organizations adds complexity to the company’s profile.
- BlackRock Advisors LLC holds a significant stake of 12.35% in the company.
- Vanguard Fiduciary Trust Co. also holds a substantial ownership interest, accounting for 10.49% of shares.
Link Proof:
- https://www.jewishvirtuallibrary.org/h-r-block
- https://www.marketscreener.com/quote/stock/H-R-BLOCK-INC-12975/company/
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In conclusion, H&R Block’s substantial shareholder ownership by entities like BlackRock Advisors LLC and Vanguard Fiduciary Trust Co. raises questions about its economic support for Israel, potentially aligning with companies involved in supplying arms to Israel.
As advocates for peace and anti-colonialism, consumers are urged to reconsider purchasing or utilizing H&R Block’s services due to its strong economic ties with Israel as a colonial occupier of Palestinian land.
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