The world’s biggest pharmaceutical companies appear to be dodging an estimated $3.8 billion in tax per year across 16 countries, reveals a new report from Oxfam today.
G20 Finance Ministers must support more fundamental reforms to the global tax system as part of their plans to deliver sustainable economic growth said Oxfam today.
Today, after five years of obstruction, Luxembourg and Austria agreed to increase the amount of information shared automatically by national tax authorities in Europe as of 2016.
Responding to French President Nicolas Sarkozy's call for the G20 to agree a tax on financial transactions to raise funds for international development, Jeremy Hobbs, Oxfam International Excecutive
European leaders meeting today to discuss ways of boosting economic growth should press ahead with plans for a financial transaction tax (FTT), Oxfam said.