tax avoidance

tax avoidance

EU tackles tax competition inside EU and increases pressure on tax havens

It is very good news that the European Commission seems ready to finally tackle harmful tax competition inside the European Union, Oxfam said in reaction to a report criticising seven EU member states for their aggressive tax policies. The organisation also welcomed the increased pressure on tax havens greylisted by the EU to make their reform commitments public.

Margaret Mumbua, 46, a domestic worker, heading to work from her house in the informal settlement of Mukuru kwa Reuben, Nairobi, Kenya. 2016. Photo: Allan Gichigi/Oxfam

Making Tax Vanish

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. 

The Paraisópolis favela borders the affluent district of Morumbi in São Paulo, Brazil (2008). Photo: Tuca Vieira

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!

Tax evasion damaging poor country economies

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.


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