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Today, the European Parliament voted through a non-binding report on the European Commission’s proposal to implement the deal on a global minimum tax at the EU level. EU Finance Ministers are expected to vote on a final agreement next Tuesday, 24 May. 

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.

Responding to IMF Managing Director, Christine Lagarde’s curtain-raiser speech today, ahead of the IMF and World Bank Spring meetings, Nadia Daar, Oxfam International’s Head of Washington office, said: “Madame Lagarde reminds us that traditional approaches to economic growth are failing and poor countries are being hit hardest. We are glad the IMF recognizes the ‘winner takes most' economies we have created are unsustainable and we welcome her call to address excessive inequality through progressive tax measures and more spending on public services such as education…

This global tax platform represents a step in a long road towards building a fairer and more transparent global tax system. The platform must be able to deliver tangible results and combat inequality, but most importantly, it must give the poorest countries a voice.

The European Commission has proposed legislation that recognises the rights and importance of all whistleblowers in the EU, including those reporting on tax malpractices. Oxfam welcomes the protection mechanisms that will establish safe channels for whistleblowers to report within and outside of their organisation.

The report seeks to demonstrate the gendered implications of how tax systems are designed, focusing on identifying aspects of taxation that can damage women's economic autonomy. It also offers recommendations for transforming tax policy as an instrument to help combat some of the inequalities affecting women.

In a crucial vote today on public country-by-country reporting, two European Parliament committees have given up another chance to take meaningful action for tax transparency.Oxfam’s EU Policy Advisor on tax, Aurore Chardonnet, said:“Despite several recent tax scandals and the efforts of many willing parliamentarians, Members of the European Parliament have once again shied away from meaningful action that would have supported tax transparency.“ By including a key loophole in the future law, MEPs are favoring large multinationals and giving smaller…

Oxfam welcomes the investigation of tax deals major companies strike with EU member states, but tax reform is key to end harmful and unfair tax practices.

Reacting to the vote of the European Finance Ministers in favour of the 'enhanced cooperation procedure' for a financial transaction tax in eleven European countries, Nicolas Mombrial,