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Billionaire wealth has risen three times faster in 2024 than in 2023. At least five trillionaires are now expected within a decade. Meanwhile, the number of people living in poverty has barely changed since 1990. Inequality is out of control.

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.

Climate change affects poor people first and worst.

This report launches a Global Call to Action on Indigenous and Community Land Rights, backed by more than 300 organizations all over the world. It is a manifesto of solidarity with the ongoing struggles of indigenous peoples and local communities seeking to secure their land rights once and for all.

This report examines the failings of the global tax system that facilitate mass tax avoidance. It looks at one example of a multinational company (MNC) that Oxfam thinks is not paying its fair share. Moreover, it calls on governments and business to implement the reforms that are needed to stop MNCs from avoiding paying their fair share of tax in the future. 

According to the World Bank's quarterly food price watch, the pr

Oxfam spokesperson Caroline Pearce said:   Economic crisis and growth

Oxfam praises the United States Government’s commitment to reduce emissions 26-28% below 2005 levels by 2025, a critical step forward in transitioning to a clean energy economy.

A new study for Oxfam reveals that developing countries are pledging to cut their emissions of greenhouse gases by more than developed countries. Oxfam estimates that over 60 per cent of emissions cuts by 2020 are likely to be made by developing countries.

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