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Economic inequality is based on a flawed and sexist economic system that values the wealth of the privileged few, mostly men, more than the billions of hours of the most essential work – the unpaid and underpaid care work done primarily by women and girls around the world. This has to change.

Ahead of Christmas, 3.1 million people (807,000 families) are in dire need of humanitarian assistance following the destruction left behind by Super Typhoon Rai that hit the Philippines on 16 -17 December 2021

Today, the European Commission published their “Communication on business taxation for the 21st century”. The plan takes steps to ensure fair and effective taxation, to simplify tax rules for companies and to establish a longer-term business taxation framework.

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, European finance ministers updated the EU tax haven list. The update includes the blacklisting of three additional countries (Anguilla, Bahamas and Turks and Caicos) and the complete delisting of two countries (Bermuda and Tunisia). 

As climate negotiations in Tianjin, China, closed today, international development agency Oxfam said the outline of an agreement on a set of decisions at the Cancun summit in December are beginning to appear, but governments will need to work with real urgency to achieve real progress this year.

As the G8 Summit comes to a close, international agency Oxfam criticized the leaders for their failure to deliver on their promises and for trying to divert attention by cobbling together a small initiative for maternal and child health.

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.

Miniature climate migration camps set up in European capitals to remind EU leaders what is at stake in their climate talks this week.

EU governments are losing out on a staggering 286.5 billion euros in revenue annually, equivalent to 33 million euros per hour, due to their failure to fairly tax Europe’s wealthiest. This amount, equivalent to Finland’s GDP, represents what a European wealth tax of up to 5 percent could raise every year, according to Oxfam’s analysis.