Search results

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.

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

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

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.

The petroleum sector offers governments huge potential revenues that could be invested in poverty alleviation and inequality reduction, but those revenues must first be collected. Oxfam proposes recommendations to address these challenges and ensure that governments collect the taxes owed for the exploitation of their finite, nonrenewable petroleum resources.

Today, EU Development Ministers meeting at the Foreign Affairs Council approved conclusions on social protection in development cooperation.

EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.