Tagged: tax evasion

Press Release

Inequality in Africa is rising to dangerous levels and unless checked will undermine the usefulness of economic growth on the continent.

Press Release
Rag-picking community of Shanti Busti, India. Photo: Tom Pietrasik/Oxfam

Following Oxfam’s January report revealing that just 85 people owned the same wealth as the bottom half the world’s population, Forbes has updated its “billionaires' list”, showing that extreme inequality has worsened– just 67 people at the top now own half the wealth.

Press Release
El Salvador. Photo: Claudia Barrientos

Oxfam warns that in spite of the advances made in the last decade, Latin America and the Caribbean remains the region of highest wealth inequality in the world. Its elites continue to accumulate extreme wealth and excessive power.

Press Release
The pit at Sadiola Hill Gold Mine, Mali; August 2006. Photo: Brett Eloff/Oxfam

Sweeping measures to improve transparency and governance are urgently needed to end a scandal that has seen Africa lose an average of $1 billion every week for the past 30 years in illicit financial flows.

Press Release

If G20 nations were hit as hard by corporate tax dodging as Africa, they’d have a $1.2 trillion hole in their budgets.

Press Release

Multinational tax evasion is entrenching poverty and weakening developing country economies, Oxfam has warned ahead of the G20 leaders meeting in Russia to chart a plan for boosting global economic growth.

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