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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.

According to the Paris-based Organization for Economic Co-operation and Development, just one country fails to comply with international transparency standards, which Oxfam strongly disputes.Trinidad and Tobago is the only tax haven identified by the OECD as failing to comply with international transparency standards, despite extremely weak commitments by the US, the Bahamas and other countries. Also escaping blacklisting were the Netherlands, Bermuda, Mauritius and Singapore, among others, all of which featured on an …

Rulings by the General Court of the European Union today are a wake-up call for the EU to stop the destructive race to the bottom on taxation and reform the global architecture to create a fairer and more equitable system, says Oxfam.

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.

It is shameful to see European banks again involved in a major global money laundering scandal. 

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…

As EU nations announce that a decision on a long-awaited European Financial Transaction Tax has been postponed, Oxfam calls for European leaders to agree the tax without delay. 

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.

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.…

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.