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Oxfam strongly welcomes today’s leaked documents on Luxembourg’s tax haven operations revealed by the International Consortium of Investigative Journalists (ICIJ), showing that Luxembourg granted favorable tax treatment to many multinational corporations in order for them to dodge taxes by routing their profits through the country.

47 economists and experts from across Japan, including Iwahito Katsui, renowned economist and professor emeritus at Tokyo University, have come together to urge the Japanese government to take a lead on tackling tax havens at the G7 Leaders Summit.

The contentious issue of financial support for communities, including displaced communities, which have suffered loss and damage as a result of the climate crisis is expected to take center stage at the UN Climate Summit in Madrid from 2 – 13 December 2019.

A 5-point plan to stop big corporations cheating poor countries out of billions of dollars in tax revenue, was published by Oxfam today in the wake of the Mauritius Leaks.

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

Research published by the International Consortium of Investigative Journalists today shows that multinational corporations are using the tax haven of Mauritius to avoid paying millions of dollars of tax across Africa.

G20 Finance Ministers are expected to give the green light to a new round of negotiations on international tax reforms at a meeting in Fukuoka, Japan on 8 - 9 June 2019.

Governments must build back better low carbon economies post the pandemic to avoid fuelling the climate crisis, warned Oxfam today ahead of the Petersberg Climate Dialogue on 6-7 May. The virtual meeting will bring together government ministers from across the globe to discuss international climate action ahead of this year’s critical UN summit COP26 in autumn.

Unresolved rigged tax rules and privatized development are the major drawbacks of the UN Financing for Development Conference outcome, says Oxfam.

G7 finance ministers must adopt strong commitments to tackle extreme inequality, said Oxfam today ahead of a G7 Finance Ministers meeting in Chantilly, France on 17 – 18 July.  The meeting is being held ahead of a G7 Heads of State Summit in Biarritz, France at the end of August. Oxfam is calling for G7 Ministers to support radical reforms to the global tax system to ensure wealthy corporations and individuals pay their fair share of tax. Oxfam is also calling for measures that ensure employers publish more information on the pay gap between CEOs and employees, as well as between…