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A report by the Greens/European Free Alliance reveals that Inditex, owners of the global fashion retailer Zara, avoided paying €585 million in taxes in Europe between 2011 and 2014.
This is not the first footballing tax scandal and its unlikely to be the last – wealthy individuals and big business will continue to exploit our broken tax system if governments don’t fix it.
New rules adopted today by the Commission to limit food and commodity price speculation will prove ineffective in ending a gambling which puts the lives of millions of people in the developing world at high risk.
"The outcome of the Nairobi summit signals a renewed commitment to development effectiveness that is critical to ending poverty. Rich, donor countries must get behind this agenda, not undermine it, especially as our world faces huge, unprecedented humanitarian challenges," said Oxfam International's executive director, Winnie Byanyima.
The OECD's tax data shows that more and more governments are relying on taxes that fall hardest on the poorest in society while letting big business and wealthy individuals off the hook.
In its proposed new Renewable Energy Directive, the European Commission has given in to the pressure of the biofuel industry lobby at the expense of people and the climate. The proposal would allow EU countries to rely on food-based biofuels to meet their 2030 climate and energy targets, notwithstanding strong evidence of their harmful impact on communities and the environment.
The international community cannot sit by while those women, men, and children go hungry, cold, and sick while being bombed.
The European Commission has today presented a good proposal for a new framework for the EU’s development policy. The EU institutions and member states must now make sure they translate these fine words into concrete action, says Oxfam.
The Credit Suisse Global Wealth Report shows once again that economic inequality remains at shockingly high levels. The richest 1 percent now has as much wealth as the rest of the world combined.
Every year 100 million people are pushed into poverty as they have to pay out of pocket for healthcare. What today’s decision means is that we will now be able to count the cost of paying for healthcare for households around the world.