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More developing countries are set to become involved in reforming the global tax system in an effort to ensure that multinational corporations are taxed where their real economic activities take place.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam today ahead of the World Economic Forum (WEF) in Davos, Switzerland.

A draft document entitled “A Common Vision for the World Bank Group”, which will be discussed

Ahead of the Annual Meetings, international agency Oxfam urged the World Bank to sharpen and swiftly move forward on the new strategy to end poverty by 2030 and boost shared prosperity.

Oxfam warns that in spite of the advances made in the last decade, Latin America and the Caribbean remains the region of highest wealth inequality in the world. Its elites continue to accumulate extreme wealth and excessive power.

In response to the Forbes Rich List published today, which reveals there are now a record 1,826 billionaires in the world worth $7.05 trillion, Nick Bryer, Oxfam's Head of UK Policy, Programs and Campaigns said:“This is yet more evidence that the very few at the top are coining it in. At the other end of the scale there are nearly a billion people who go to bed hungry every night. Such extreme…

This second edition of the Commitment to Reducing Inequality (CRI) Index is based on a new database of indicators, now covering 157 countries, which measures government action on social spending, tax and labour rights – three areas found to be critical to reducing the inequality gap.

Responding to the World Economic Forum's Outlook on the Global Agenda, which places "Deepening Income Inequality" at the top of its list of concerns for world leaders in 2015, Kevin Roussel, Head of Oxfam International's Inequality Campaign said:   "These findings are the latest wake-up call for world leaders to get to grips with the explosion in extreme inequality, which has resulted in 85 people owning as much as the poorest 3.5 billion people on the planet."The growing body of evidence that inequality is a threat…

"The outcome of the Nairobi summit signals a renewed commitment to development effectiveness that is critical to ending poverty. Rich, donor countries must get behind this agenda, not undermine it, especially as our world faces huge, unprecedented humanitarian challenges," said Oxfam International's executive director, Winnie Byanyima.