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EU Finance Ministers break deadlock on transaction taxes and now must deliver for the poorest

22 June 2012

Today EU Finance Ministers, meeting in Luxembourg, agreed to drop the idea of an EU-wide European Financial Transaction Tax (FTT).

Juncker missing out on €120 billion a year for EU investment plan by failing to crack down on tax dodging

18 December 2014

The proposed European Union (EU) investment plan could receive an annual boost of €120 billion in public money if Europe clamped down on tax dodging, says Oxfam.The worldwide organization released this new figure as EU leaders meet today to discuss the €315bn investment proposal put forward by European Commission President Jean-Claude Juncker to kick-start Europe's economy. Juncker believes the €315bn needed could be raised from a €21bn investment fund, assuming every euro invested produces 15 in return. However, most European Investment Bank (EIB) evaluations show…

Belgium and Slovakia’s refusal to compromise could sink Financial Transaction Tax warns Oxfam

17 June 2016

The unrealistic demands of Belgium and Slovakia are undermining negotiations for a ground-breaking Financial Transaction Tax (FTT) said Oxfam today.

Apple ruling highlights how EU governments must do more to clean up murky corporate tax practices

30 August 2016

The European Commission’s decision on Ireland’s sweetheart tax deal with Apple shows that some tax practises can be terribly damaging. In times where poverty in Europe has been rising, governments must not churn the chance to raise billions in corporate tax income for the benefit of their citizens.

EU should tax all crisis-profiteer companies, not just energy companies says Oxfam

7 September 2022

Today, the President of the European Commission, Ursula von der Leyen, proposed the introduction of a cap on revenues of companies producing electricity with low costs and a solidarity contribution from fossil fuel companies. The revenues from these unexpected profits will be directed to people and businesses to help them adapt to the recent increase in energy prices as well as to invest in clean home-grown energy sources.

G20 chancellors: bankers’ tax and looming food crisis must be resolved on your watch

15 February 2011

The world’s leading economies must act now to stop the price of basic foods from surging further out of the reach of poor people. They must also commit to a Financial Transaction Tax (FTT) to help millions of people hit by the economic crisis and climate change.

EU Energy Windfall Tax: European countries must aim for 50 – 90 percent rate and not let other profiteering industries off the hook

30 September 2022

Today, European energy ministers agreed on a package of emergency measures to curb the surge in energy prices. The package includes two measures to capture extraordinary profits from energy and fossil fuel companies. This follows the European Commission’s proposal on 14 September.

New IMF Report should trigger seismic shift in international communities approach to corporate tax abuse

11 March 2019

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Reaction to the launch of the joint IMF- World Bank initiative to support developing countries in strengthening tax systems

15 July 2015

Oxfam welcomes the World Bank and IMF’s recognition of the powerful and catalyzing impact of fairer tax systems in reducing poverty, inequality and promoting growth. But the two institutions need to provide more clarity on their proposal.

Oxfam calls on African leaders to make tax top of the agenda at July UN Financing for Development Conference

28 May 2015

The international tax system is broken and unfair. July’s Finance for Development Conference in Addis is the perfect time to ensure all parties agree to tackle this problem.