Tagged: tax havens
Oxfam estimates that the proposed EU aid cuts could be enough to have lifted more than 4.6 million people in the poorest countries out of extreme poverty. The proposed cuts to emergency aid alone would mean the EU is turning a blind eye on the plight of 150 million people affected by disasters or conflicts.
Oxfam today revealed that just over a quarter of the taxes that could be raised each year from money currently hidden away in tax havens would be enough to lay the foundation for ending global hunger.
The $8.42 trillion promised by rich country governments to bailout banks would be enough to end global extreme poverty for 50 years and a massive step towards ending it forever.