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As G7 leaders head to Biarritz, France, and President Macron promises to make the fight against inequality a priority at this year’s Summit, Oxfam says that the G7 are actively fueling inequality at home and across the globe.

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.

For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate, reveals a new Oxfam brief today. “Profiting from Pain” is published as the World Economic Forum — the exclusive get-together of the global elite in Davos — takes place for the first time face-to-face since COVID-19, a period during which billionaires have enjoyed a huge boost to their fortunes. 

Inequality is at crisis levels in West Africa, yet these governments are less committed to reducing inequality than the rest of the continent.

The European Commission’s decision on Ireland’s sweetheart tax deal with Apple shows that some tax practises can be terribly damaging. In times where poverty in Europe has been rising, governments must not churn the chance to raise billions in corporate tax income for the benefit of their citizens.

Governments across Europe are planning to divert scarce development aid budgets to cover security and defense costs, anti-poverty campaigners understand.

In response to the Organization for Economic Co-operation and Development's (OECD) latest report on inequality, In It Together: Why Less Inequality Benefits All, Oxfam’s Senior Policy Advisor Claire Godfrey said:“There is nothing surprising in the OECD’s latest report on inequality...

Today the European Parliament adopted the report by its Panama Papers inquiry committee and voted in favor of recommendations aimed at stopping corporate tax avoidance across the European Union. Oxfam welcomes the Parliament's call for EU member states to adopt the reforms needed to end corporate tax abuses.

European Union finance ministers have removed the British territory of Bermuda, Barbados, and the Dutch Caribbean island of Aruba from the EU blacklist of tax havens today.

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.