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Governments are letting big business off the hook when it comes to paying the billions they owe in tax, Oxfam said in reaction to the latest decision of the European Commission on Luxembourg's tax deal with online retailer Amazon.

Today, European Parliamentarians will cast their vote on the EU’s next long-term budget – a vote that will send a powerful political signal to the European Commission ahead of its proposal due out in July. But behind these numbers lies a key question: will the EU maintain its role as a credible donor, or will it quietly shift towards a transactional approach shaped by short-term political interests? 

Oxfam’s Commitment to Reducing Inequality (CRI) Index shows that governments in West Africa are the least committed to reducing inequality of any on the continent. If they do not radically increase their commitment to reducing inequality, the crisis is likely to worsen.

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.

Fast food company McDonald’s has been enjoying ‘double non-taxation’ in the United States and Luxembourg on the profits it makes in Europe, the European Commission said today. Although tax deals between the company and the Grand Duchy were not ruled illegal, this case illustrates once again how EU member states help big business avoid paying their fair share of tax.In response, Susana Ruíz, Oxfam’s tax policy lead, said:“Big business is getting fat on public money and it’s time governments took action instead of super-sizing the profits of huge companies.…

"Women and girls are today bravely taking a stand and Oxfam stands with them in solidarity," said Winnie Byanyima, Oxfam International Executive Director and women’s rights leader, this International Women’s Day.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

Oxfam warned today of the risk of an outbreak of coronavirus in the over-crowded camps where people are sheltering following Friday’s earthquake in Sulawesi, Indonesia.

The governments of rich states today cleared the way for the diversion of development aid away from the poorest.

EU finance ministers look set to whitewash nine of the world’s worst tax havens when they update the EU tax haven blacklist next week, says Oxfam.