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Fighting inequality is not just an issue of fairness but an economic necessity. That’s not Oxfam speaking, but the International Monetary Fund today. 

Within hours of Oxfam International’s Executive Director Winnie Byanyima declaring at the UNGA that the glory days for tax havens are over, the International Consortium of Investigative Journalists has released a damning exposé pointing the finger at the Bahamas for tax abuse. 

EU governments have today furthered the recent trend of using development aid to advance their own short-sighted interests. They have adopted a new framework for the European Union’s development policy that neither listens to EU citizens nor focuses on eradicating poverty.

At a meeting at the OECD in Paris on the future of development aid, governments of the world’s richest countries promoted the use of development aid to support private investment in poor countries, but failed to focus on the rules and safeguards needed to make sure it supports the people most in need.

In a crucial vote today on public country-by-country reporting, two European Parliament committees have given up another chance to take meaningful action for tax transparency.Oxfam’s EU Policy Advisor on tax, Aurore Chardonnet, said:“Despite several recent tax scandals and the efforts of many willing parliamentarians, Members of the European Parliament have once again shied away from meaningful action that would have supported tax transparency.“ By including a key loophole in the future law, MEPs are favoring large multinationals and giving smaller…

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,…

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.

At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

This study explores how land governance and administration contributes to inequality in Uganda. It looks at factors that have impacted poverty and vulnerability, and how policies, laws, regulations and cultural practices can be made more inclusive.  

EU governments are on the brink of agreeing a tax haven blacklist that could ensure corporate tax havens face international sanctions for the first time. This is a welcome move if the list includes objective and comprehensive criteria instead of focussing solely on opacity of tax systems, said Oxfam today.