Search results

Oxfam strongly welcomes today’s leaked documents on Luxembourg’s tax haven operations revealed by the International Consortium of Investigative Journalists (ICIJ), showing that Luxembourg granted favorable tax treatment to many multinational corporations in order for them to dodge taxes by routing their profits through the country.

More than 300 leading economists from 30 countries have today written to world leaders warning that there is no economic justification for allowing tax havens to continue, and urging them to bring an end to offshore financial secrecy. The letter comes ahead of the UK Government’s summit on offshore corruption in London on Thursday, which politicians from 40 countries as well as World Bank and IMF representatives are expected to attend.

G20 Finance Ministers are expected to give the green light to a new round of negotiations on international tax reforms at a meeting in Fukuoka, Japan on 8 - 9 June 2019.

More than 200 million people will be trapped unnecessarily in extreme poverty - despite world leaders’ pledge to end it - unless action to tackle economic inequality is accelerated. 

G20 Finance Ministers must support more fundamental reforms to the global tax system as part of their plans to deliver sustainable economic growth said Oxfam today.

 The huge influence which global corporations such as Nike and Apple have over government policy making is laid bare in the latest revelations from…

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

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.

The political response to tax dodging in the 12 months since the SwissLeaks scandal hit the headlines has been slow and restrained, said Oxfam today.  SwissLeaks exposed how global banking giant HSBC's Swiss branch helped wealthy individuals hide $100 billion in secret bank accounts out of the reach of tax authorities.Claire Godfrey, Policy Lead for Oxfam’s ‘Even it Up’ Campaign, said:“A year has passed since the Swiss Leaks scandal but still much more needs to be done to ensure wealthy individuals and big business pay they fair share of taxes.“Governments across the…

Over 50 leading financiers have expressed their support for a European Financial Transaction Tax (FTT) ahead of a meeting of Finance Ministers in Brussels next week. In an open letter to European leaders, the financiers argue the FTT will reduce financial instability and raise significant additional government revenue.