Oxfam strongly welcomes today’s leaked documents on Luxembourg’s tax haven operations revealed by the International Consortium of Investigative Journalists (ICIJ), showing that Luxembourg granted favorable tax treatment to many multinational corporations in order for them to dodge taxes by routing their profits through the country.
80 individuals have the same wealth as half the people on our planet. It is time to Even it up!
85 individuals have the same wealth as half the people on our planet. Such extreme economic inequality is standing in the way of ending global poverty, and widening other inequalities like the gap between women and men. 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.
The governments of Latin America and the Caribbean must implement fiscal reforms that benefit all citizens and not only economic and political elites, according to Oxfam.
The Health in Africa initiative of the International Finance Corporation, which promotes private sector healthcare delivery, is extremely unlikely to deliver better health outcomes for poor people.
Today leaders from Brazil, Russia, India, China, and South Africa –better known as the BRICS- finalized their 6th summit in Fortaleza, Brazil, consolidating the creation of a new development bank that will provide fresh sources of financing for emerging economies.
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.