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The failure of the OECD’s Development Assistance Committee’s to agree tough new rules governing aid invested in the private sector – so-called private sector instruments – was criticised by Oxfam and the European Network on Debt and Development (Eurodad) today.

Responding to the World Economic Forum's Outlook on the Global Agenda, which places "Deepening Income Inequality" at the top of its list of concerns for world leaders in 2015, Kevin Roussel, Head of Oxfam International's Inequality Campaign said:   "These findings are the latest wake-up call for world leaders to get to grips with the explosion in extreme inequality, which has resulted in 85 people owning as much as the poorest 3.5 billion people on the planet."The growing body of evidence that inequality is a threat…

The European Parliament has supported an amendment calling for Europe to support the temporary suspension of intellectual property rules for Covid-19 vaccines, tests, and treatments. In reaction to this vote, Evelien van Roemburg, head of Oxfam EU office, said: "This vote sends a strong signal that Europeans stand shoulder to shoulder with the people of the world in the fight against the pandemic."

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. 

Global sales of ammunition are worth more than $4 billion and are growing at a faster rate than trade in guns, yet there is virtually no regulation in place to control where the bullets end up.

More than $2.2 billion worth of arms and ammunition have been imported since 2000 by countries operating under arms embargoes, according to new figures released today by international humanitarian agency Oxfam.

Oxfam, together with civil society organizations, welcomes the World Bank’s International Finance Corporation (IFC) announcement that it will not resume its investments in K-12 private schools, following the release of an independent evaluation by the World Bank Independent Evaluation Group (IEG) on the IFC’s investments in this area.  

G20 Finance Ministers must support more fundamental reforms to the global tax system as part of their plans to deliver sustainable economic growth said Oxfam today.

Political leaders must put the interests of the people they represent over corporates and the super-rich if they are going to put a stop to tax scandals, like #ParadisePapers, said Oxfam today.Susana Ruiz, tax policy advisor for Oxfam, said:“Paradise Papers exposes our leaders’ feeble attempts to stop tax cheats. Politicians' tough talk has translated into weak reforms under pressure from big business and the super-rich.“Tax dodging fuels poverty and inequality. When the super-rich and…

 The huge influence which global corporations such as Nike and Apple have over government policy making is laid bare in the latest revelations from…