Tagged: tax havens

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

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.

Press Release
Oxfam's G8 'Big Heads' arrive in Northern Ireland. Photo: Jonathan Porter/Oxfam

During the two days of the G8 Summit, which starts today, $2.2 billion in illicit flows will have hemorrhaged from developing countries into tax havens and land one and a half times the size of Manhattan sold off to foreign investors.

Press Release
Oxfam Big Heads: G8 arrives in Northern Ireland. Photo: Oxfam

Since 2000, companies in G8 countries have acquired land in developing countries more than the size of the whole of Ireland. This is enough to feed 96 million people every year – almost the total population of the UK and Canada.

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