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“At the start of the week, we urged the Bank to show it’s serious about ‘“ending poverty and boosting shared prosperity”’ in discussions on additional funding. We’re pleased to see them recommit to this, but it’s now up to the Bank’s programming to put its money where its mouth is," said Nadia Daar, head of Oxfam International's Washington office.
The European Commission has published a proposal on unfair trading practices in the EU food supply chain. Right now, supermarkets’ poor practices lead to insecurity among their suppliers, which directly impacts the most vulnerable people in the value chain. Oxfam and NGOs welcome this move, and call on the European Parliament and the Council to strengthen the Commission’s proposal.
The slight decrease in development aid spending in 2017 is bad news for the fight to end poverty and reduce inequalities, said Oxfam today in response to the publication of new aid figures by the Organisation for Economic Cooperation and Development (OECD).
Oxfam has welcomed the generous pledges of $2 billion worth of aid to deal with the crisis in Yemen made today in Geneva.
Today's digital tax proposal could help bring EU tax rules into the 21st century, by updating them to the digital economy. However, the European Commission's short-term proposal will not stop tax dodging by big tech firms, and could delay the much-needed global long-term solution.
With a growing EU gray list of tax havens, the EU must make sure countries follow up on their commitments, or else blacklist them, Oxfam said.
The Swedish development agency Sida has announced their decision to go ahead with a new three year humanitarian partnership with Oxfam. The €10.2 million partnership arrangement will ensure over 280,000 people in more than five countries will receive critical humanitarian aid.
The European Council has started to publish the commitments taken by countries to escape the EU blacklist of tax havens. Governments must now pressure all tax havens on the EU's grey list to make their commitments public, and the EU must ensure tax havens implement the reforms they have promised, or else blacklist them.
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.
Billionaire fortunes have risen six times faster than the wages of ordinary workers since 2010. Our failing economies are enriching a wealth minority while millions of ordinary workers are struggling to survive on poverty pay.