Search results

Responding to the announcement today that the G7 will back a global minimum corporate tax rate of 15 percent, Gabriela Bucher, Executive Director of Oxfam International, said: “Fixing a global minimum corporate tax rate of just 15 percent is far too low. It will do little to end the damaging race to the bottom on corporate tax and curtail the widespread use of tax havens."

Today's report from the Organisation for Economic Co-operation and Development (OECD) on climate finance confirms that far too much of the climate finance from governments and development banks is in the form of loans that force poorer nations to fall further into debt, says Oxfam.        

An Oxfam resolution before Moderna shareholders received 24 percent of the nominal vote or 29 percent of the independent vote factoring in the 17 percent of the vote share owned by the company's directors and senior executives. A similar resolution before Pfizer shareholders garnered 27 percent of the vote.  

After months of deadlock, EU countries reached an agreement on a low-rate minimum tax for multinational profits at the EU level. This follows a deal struck at the international level to implement a global minimum tax.  

Responding to news that the World Trade Organization (WTO) will push back its deadline to reach a deal on easing intellectual property rules on COVID-19 tests and treatments to support the production of cheaper generic equivalents in developing countries, Max Lawson, Co-Chair of the People’s Vaccine Alliance and Head of Inequality Policy at Oxfam, said: “We are nearly three years into the COVID-19 pandemic. As many as seventeen million people are estimated to have died in the time that the WTO has bickered over intellectual property rules for tests and treatments. To say that more time is needed to consider the issue is utter nonsense.

International agency Oxfam today welcomed the visit of UN High Commissioner for Refugees, Antonio Guterres, to Liberia, as it called on the international community to pay greater attention to the worsening refugee crisis in the country.

Five international aid agencies are calling world leaders at today’s Sudan summit to take concrete action to help ensure peace, safety and development for all Sudanese people. Failure to act risks a new eruption of violence and threatens the future of Africa’s largest country.

International aid agency Oxfam welcomes the European Commission’s new aid package of 24 million euros for Niger and other countries in the Sahel region of West Africa, which was announced today in Brussels.

The UK government has made a good start in committing more than £30m ($38m). But it can and should do much more to help the people of Pakistan. This is a disaster on an unprecedented scale which needs an equally robust response.

Poor countries are being forced to cut back on their economic crisis-response spending too soon. Education and social protection budgets are particularly badly affected. Oxfam is calling on the IMF to take steps to reverse this trend.