EU finance ministers have decided today to remove eight countries from the EU’s blacklist for tax havens, rushing to take countries off the blacklist without it being clear what they have actually committed to improve.
This report examines the failings of the global tax system that facilitate mass tax avoidance. It looks at one example of a multinational company (MNC) that Oxfam thinks is not paying its fair share. Moreover, it calls on governments and business to implement the reforms that are needed to stop MNCs from avoiding paying their fair share of tax in the future.
EU governments are unwilling to tackle large-scale tax avoidance of multinational companies, Oxfam says in reaction to a new directive formally approved today.
Despite EU intentions to crack down on tax avoidance, the European Commission’s Anti-Tax Avoidance Package does not do what it says on the tin, warns Oxfam, and developing countries will feel the EU’s failure most.
Oxfam welcomes today’s decision by the European Commission that Fiat and Starbucks were receiving unfair state aid.
Did you know that 1% now own more than the rest of us combined? Every year, the gap between rich and poor gets even wider – and it’s being fuelled by the use of tax havens. It is time to bring an end to inequality and overcome poverty for good. It is time to Even it up!
Latin America and the Caribbean (LAC) is still the most unequal region in the world, despite economic growth and the reduction of both poverty and inequality over the last decade.
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.
Oxfam welcomes today’s European Parliament vote in favor of legislation which will oblige EU-listed and non-listed big oil, gas, mining and logging companies to declare payments they make i
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: