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This global tax platform represents a step in a long road towards building a fairer and more transparent global tax system. The platform must be able to deliver tangible results and combat inequality, but most importantly, it must give the poorest countries a voice.
Oxfam has deployed a three-person expert assessment team from the region to determine how it will respond to the major earthquake that struck on the evening of 16 April.
“Today’s so-called ‘hammer blow’ against tax cheats misses. If the proposed registry of beneficial owners of companies and trusts is hidden from the public, how can we know who is hiding their profits and fortunes and trying to avoid paying their fair share?" said Susana Ruiz, Oxfam's tax policy expert.
“It’s great to hear tough talk from both Jim Kim and Christine Lagarde on ending tax havens. We’ve seen this happen time and time again: when the richest fail to pay their fair share, the budgets for education, health, and other social services that the poorest depend on, are the first to get slashed," said Chris Stalker, acting head of Oxfam International's Washington office.
Development aid has reached an all-time high, but with 900 million people still living in extreme poverty much more needs to be done, says Oxfam.
“In the Inspection Panel's findings, the Bank is still repeatedly failing to take the most basic steps needed to avoid harm. Steps like counting how many people are affected, or making information available in local languages are still neglected," said Kate Geary, Oxfam's land rights expert.
The European Commission has missed yet another chance to effectively end tax havens. Today’s tax transparency proposal is not sufficiently ambitious and too limited in its scope for that task.
New proposals from the European Commission on migration are a first step toward creating safe and legal routes for people on the move, says Oxfam.
Christine Lagarde, the International Monetary Fund’s managing director, and Jim Yong Kim, president of the World Bank, spoke Tuesday about their institutions’ priorities ahead of next week’s spring meetings in Washington.
The return of people from Greece to Turkey takes Europe yet another step closer to a policy of deterrence and indifference, Oxfam says in reaction to deportations starting today.