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This is not the first footballing tax scandal and its unlikely to be the last – wealthy individuals and big business will continue to exploit our broken tax system if governments don’t fix it.

On the eve of technical talks to thrash out the final details of the OECD tax deal ahead of the G20 Finance Ministers meeting next week, Oxfam is calling for world leaders to bring fairness and ambition back to the table and deliver a tax plan that won’t leave developing countries with next to nothing. 

It is shameful to see European banks again involved in a major global money laundering scandal. 

Tax havens deprive governments around the world of billions of dollars each year, fuelling inequality and poverty. The EU blacklisting process was announced as an attempt to put an end to the era of tax havens. Unfortunately – according to Oxfam research – the EU is set to whitewash some of the world’s worst tax havens.

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…

More developing countries are set to become involved in reforming the global tax system in an effort to ensure that multinational corporations are taxed where their real economic activities take place.

Reacting to the presentation by the European Commission of its new legislative proposal for a Financial Transaction Tax (FTT) through enhanced cooperation, Nicolas Mombrial, Oxfam’

“It’s great to hear tough talk from both Jim Kim and Christine Lagarde on ending tax havens. We’ve seen this happen time and time again: when the richest fail to pay their fair share, the budgets for education, health, and other social services that the poorest depend on, are the first to get slashed," said Chris Stalker, acting head of Oxfam International's Washington office.

A poll commissioned by Oxfam and carried out in six European countries found a majority of people in the UK, Germany, France, Spain and Italy all support a Robin Hood Tax.

Pressure is piling on the G20 to lead a global push to increase taxes on the richest citizens back to past levels that most people believe were fairer and more useful for society.