Progress by G20 Finance Ministers toward tackling the issue of multinational tax avoidance has been welcomed by Oxfam Australia Chief Executive Dr. Helen Szoke, though there is a need for more specifics on how and when low-income countries will benefit.
Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population, worldwide development organization Oxfam warns in a report published today.
European leaders failed today to meet the expectations they had raised of cracking down on tax dodging at a summit in Brussels. In reaction, Catherine Olier, Oxfam’s EU Policy Adviser, said:
Around the world, momentum is building behind a tiny tax on bankers that could generate billions to help with problems at home and overseas. Join the movement!
Today, EU Development Ministers meeting at the Foreign Affairs Council approved conclusions on social protection in development cooperation.
The G20 leading economies have sidelined development and food security at their summit in Los Cabos.
In order to be able to find enough resources to ensure public services, such as education and health for all, poor countries need to raise more tax, and raise tax in ways that are progressive and f
When the G20 meets in Seoul in November 2010, it has a big choice to make.