tax evasion
European banks named in Moldova-Russia money laundering and tax evasion scandal
It is shameful to see European banks again involved in a major global money laundering scandal.
Harmonizing EU tax rules is good but commitment to tackle race to the bottom is a must
Today the European Commission released its fourth package to combat tax evasion and tax avoidance. This corporate tax reform package notably includes a proposal to harmonize the tax base among EU 28 member states. Oxfam supports the ongoing efforts of the European Commission to reopen discussions on tax base harmonization and to push ahead in the fight against tax avoidance.
47 Japanese economists back global call for action on tax havens ahead of G7 Summit
47 economists and experts from across Japan, including Iwahito Katsui, renowned economist and professor emeritus at Tokyo University, have come together to urge the Japanese government to take a lead on tackling tax havens at the G7 Leaders Summit.
Fiscal justice to reduce inequality in Latin America and the Caribbean
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.
Growth in Africa undermined by rapidly increasing inequality
Inequality in Africa is rising to dangerous levels and unless checked will undermine the usefulness of economic growth on the continent.
Challenge to World Bank and IMF to get serious about extreme inequality
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.
Annual income of the 113 richest people in Latin America could lift 25 million out of poverty
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.
Moves to tackle Africa’s ‘resource curse’ reach turning point
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.
G20 must re-write tax rules and recoup Africa’s missing billions
If G20 nations were hit as hard by corporate tax dodging as Africa, they’d have a $1.2 trillion hole in their budgets.
Fixing the Cracks in Tax: A Plan of Action
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