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Despite EU intentions to crack down on tax avoidance, the European Commission’s Anti-Tax Avoidance Package does not do what it says on the tin, warns Oxfam, and developing countries will feel the EU’s failure most.
The recent World Trade Organization deal made in Nairobi fails to deliver what is urgently needed, while the US and the EU continue to push for regional rather than international agreements, said Oxfam International's Campaigns and Advocacy Director, Celine Charveriat.
As the number of people fleeing to Europe passes one million, Oxfam is calling on the international community to address what is a global crisis. The uncomfortable truth is that the conflicts and brutality fuelling refugee migration have grown in recent years to unprecedented levels.
Oxfam is dismayed by the results of the European summit, which has strengthened a security-led approach to border control as the principal response of Europe to the plight of people arriving at its borders.
Oxfam Executive Director Helen Szoke said: “Climate funding, urgent emissions reductions and loss and damage must not be the casualties in the eleventh hour.
In reaction to another draft of the climate change agreement unveiled on Thursday night in Paris, Oxfam Executive Director Helen Szoke said:
“There is still a long way to go: this is crunch time. The chance to set new funding targets from when the Paris deal comes into force in 2020 is still very much on the table and needs to stay there if developing countries are to have any hope of more support in the years ahead."
The situation looks grim as Oxfam awaits the release of a revised and likely second-to-last draft of a global climate change agreement, expected to be released on Wednesday afternoon. Our experts are concerned that negotiators might be settling for the lowest common denominator in several critical areas.
EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.
Oxfam welcomes the investigation of tax deals major companies strike with EU member states, but tax reform is key to end harmful and unfair tax practices.