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Today, the European Commission presented its proposal for new sources of revenue for the EU’s budget.  

Oxfam’s Nicolas Mombrial said: “The IMFC’s call on the IMF to focus on cross-border tax evasion and tax avoidance is very welcome.

Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day - while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from Oxfam today.

The G20 missed a golden opportunity to tackle global poverty when it could only agree to disagree over how to make banks repay the cost of the economic crisis, said international agency Oxfam.

Poverty and inequality in Europe have reached shocking levels, according to a new Oxfam report.

In reaction to the European Parliament's plenary vote on the Financial Transaction Tax, Nicolas Mombrial, Oxfam’s EU Policy Adviser said:

 Its findings should strengthen calls to tackle lax trade regulation, inconsistent tax policy and enforcement, collusion, and corporate greed.

Extreme inequality is a threat to democracy, warns Oxfam’s global CEO Winnie Byanyima, at today’s closing session of the IMF - Mozambique government’s Africa Rising conference.

Responding to the publication of the G20 Leaders’ communiqué, Oxfam Brazil’s Executive Director Viviana Santiago said: “We applaud Brazil for using their G20 Presidency to respond to people’s demands worldwide to tackle extreme inequality, hunger and climate breakdown, and particularly for rallying action on taxing the super-rich. Brazil has lit a path toward a more just and resilient world, challenging others to meet them at this critical juncture.” 

While the G20 have put their first nail in the coffin of corporate tax dodging, they squandered this chance to make progress towards a political solution to the Syria crisis, and have failed entirely to confront the growing problem of income inequality.