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04 July 2017The European Parliament has voted in favor of new tax transparency rules, but have allowed large companies to get away with a tax secrecy clause.Reacting to the crucial vote on public country-by-country reporting, Oxfam’s EU Policy Advisor on tax, Aurore Chardonnet, said:“The European Parliament’s vote is a small step towards greater tax transparency. But companies can still hide key tax information if they want to, due to a get-out clause.Many EU parliamentarians seem to still prioritize large multinationals over citizens and SMEs,…

At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

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.

After almost five years of deadlock, EU governments in the Council finally backed new EU rules on corporate tax transparency today. The proposal requires multinationals to publicly report on what profits they make, how much tax they pay, and where they pay it.

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

Less than eight cents in every dollar raised in tax revenue in G20 countries now comes from taxes on wealth, reveals new analysis by Oxfam today ahead of the first meeting of G20 Finance Ministers and Central Bank Governors in Sao Paulo, Brazil. 

We support the call for a rebalance of power in the governance of global tax issues.

The publication of a new set of corporate tax principles by The B Team, a coalition of progressive business leaders, was welcomed by Oxfam today. The principles have been endorsed by companies such as Allianz, Unilever and Vodafone Group Plc.

This discussion paper proposes what ‘good’ looks like in responsible corporate tax behavior, and contains a wide range of positive behaviors and actions companies can undertake to go beyond legal compliance and result in significant gains for developing countries.

The European Commission admits that wealth taxation is gaining “traction globally” as a tool to “ensure a fairer sharing of the tax burden across individuals”. This is according to the Commission’s new Annual Report on Taxation, which mentions the recent G20 discussions around taxing the super-rich and the European Citizens Initiative for a wealth tax.