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04 July 2017The European Parliament has voted in favor of new tax transparency rules, but have allowed large companies to get away with a tax secrecy clause.Reacting to the crucial vote on public country-by-country reporting, Oxfam’s EU Policy Advisor on tax, Aurore Chardonnet, said:“The European Parliament’s vote is a small step towards greater tax transparency. But companies can still hide key tax information if they want to, due to a get-out clause.Many EU parliamentarians seem to still prioritize large multinationals over citizens and SMEs,…

The European Commission has missed yet another chance to effectively end tax havens. Today’s tax transparency proposal is not sufficiently ambitious and too limited in its scope for that task.

One month since the massive blast in Beirut, tens of thousands of vulnerable people are unable to rebuild their homes, with a single front door costing two months’ worth of a minimum-wage salary, warned Oxfam today. 

Europe’s 20 biggest banks are registering over a quarter of their profits in tax havens – well out of proportion to the level of real economic activity that occurs there, according to a new report by Oxfam and the Fair Finance Guide International today.

The European Parliament is right to call out EU governments for their failure to agree the reforms needed to tackle large-scale tax avoidance, said Oxfam in reaction to a key vote on tax in the European Parliament.

The richest 1% in Latin America and the Caribbean owns 41% of the region’s total wealth and if this trend continues, in only 8 years’ time the progress that has been achieved there in reducing poverty could drastically reverse, warns Oxfam today. On average, the annual income of Latin American billionaires is almost 5,000 times greater than that of the region’s poorest people.

The true scandal is that most of the schemes used by BASF are legal, and a consequence of fierce tax competition between EU member states, says Oxfam in reaction to the Greens/EFA group report on aggressive tax planning practices of German chemical giant BASF.

Today’s report from UBS and PwC revealed that the global billionaires club gained 50 more members in 2015 - at a time when 767 million people are living in extreme poverty. This huge gap between rich and poor is bad news for economic growth, the fight against poverty, social stability and democracy.  

A Brazilian earning the minimum wage would have to work for 19 years to earn as much as what a rich person in the country's top 0.1 percent makes in one month, according to new Oxfam research.

This study takes stock of inequalities in Tunisia, especially those sustained by an unjust fiscal system. Oxfam puts forth concrete recommendation to turn the page on austerity policies and advocates for fiscal justice and wider redistributive policies in Tunisia.