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G7 based companies and investors cheated Africa out of an estimated US$6 billion in 2010 through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’, released today.

Fair tax regimes are vital to finance well-functioning states and to enable governments to uphold citizens’ rights to basic services, such as healthcare and education.

All charges against Antoine Deltour, the #LuxLeaks whistleblower who exposed secret deals that enabled multinational companies to avoid paying billions of dollars in tax, should be dropped, said Oxfam today. The trial of Antoine Deltour on charges of theft, violation of professional secrecy, violation of trade secrets and illegally accessing a database, is scheduled to begin on Monday 26 April.  Max Lawson, Oxfam’s Inequality Policy Lead said:  “Whistleblowers who expose tax dodging should be celebrated and protected, not prosecuted.…

The guilty verdicts for two defendants in the #LuxLeaks whistleblowers trial means that tax dodgers will be emboldened. 

Today, the European Commission presented a coronavirus crisis recovery package for the EU.

Amid growing concern that the pharmaceutical industry’s pricing, tax and lobbying practices are undermining the health of millions of people in the US and across the globe, this briefing presents new findings on how the biggest corporate tax cut in a generation has benefited four of America’s pharmaceutical giants.

Responding to David Cameron’s call for a global crackdown on corruption by G7 leaders meeting in Germany for their annual summit this weekend, Jorn Kalinksi, Oxfam G7 spokesperson said:“David Cameron’s is right to put a spotlight on corruption which is a problem for all countries across the globe.  Corruption wastes valuable resources that could be used to tackle poverty. It exacerbates inequality as the richest write the rules of the game in their favour and leave the rest behind.    "In 2010 alone, G7-based companies cheated Africa out of an estimated $US6…

In response to the Forbes Rich List published today, which reveals there are now a record 1,826 billionaires in the world worth $7.05 trillion, Nick Bryer, Oxfam's Head of UK Policy, Programs and Campaigns said:“This is yet more evidence that the very few at the top are coining it in. At the other end of the scale there are nearly a billion people who go to bed hungry every night. Such extreme…

Responding to the verdict in the retrial of the LuxLeaks whistleblowers, Max Lawson, Oxfam’s Inequality Policy Lead said: “Whistleblowers who expose tax dodging should be praised, not punished."  

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.