Africa was cheated out of US$11 billion in 2010 through just one of the tricks used by multinational companies to reduce tax bills, according to new Oxfam report, ‘Africa: Rising for the few,’ released today.
The G20’s promise to pursue inclusive and sustainable growth is welcome, but its response to the Ebola crisis is dangerously inadequate.
G20 Leaders meeting in Brisbane, Australia this weekend (15 and 16 November) are being urged to tackle rising inequality head-on or risk leaving millions of people trapped in poverty, as new figures reveal the wealth disparity in a number of G20 countries.
The gap between the rich and the rest is extreme and growing. G20 nations are not immune.
Hundreds of local volunteers are helping Oxfam to provide support and information to more than 400,000 people living in Ebola-affected communities in West Africa to stop the spread of the disease.
Women won’t be paid as much as men for another 75 years. That’s according to a report released by Oxfam today, which urges G20 leaders to tackle gender inequality when they meet in Australia later this year.
Across G20 countries and beyond, women are paid less than men, do most of the unpaid labor, are over-represented in part-time work, and are discriminated against in the household, in markets and in institutions.
Fair tax regimes are vital to finance well-functioning states and to enable governments to uphold citizens’ rights to basic services, such as healthcare and education.
The G20 must take necessary steps to reform the international taxation system to stop wealthy tax dodgers, beginning at its Finance Ministers and Central Bank Governors meeting this weekend (22-23 Feb) in Sydney.
Progress by G20 Finance Ministers toward tackling the issue of multinational tax avoidance has been welcomed by Oxfam Australia Chief Executive Dr. Helen Szoke, though there is a need for more specifics on how and when low-income countries will benefit.