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end tax havens
The Credit Suisse Global Wealth Report shows once again that economic inequality remains at shockingly high levels. The richest 1 percent now has as much wealth as the rest of the world combined.
Oxfam's verdict on the World Bank and International Monetary Fund Annual Meetings.
Within hours of Oxfam International’s Executive Director Winnie Byanyima declaring at the UNGA that the glory days for tax havens are over, the International Consortium of Investigative Journalists has released a damning exposé pointing the finger at the Bahamas for tax abuse.
Tax havens are fuelling inequality and poverty. Meet Nellie, a teacher, and Vitumbiko, a nurse, from Malawi, as they tell us how tax dodging is hurting people’s chances to escape poverty in Malawi. And act now.
Tax revenue that should be helping to fund essential services in Malawi and other poor countries is disappearing at an alarming rate, held offshore in tax havens. Find out more about how this is impacting the life of the majority of the citizens. And what you can do about it.
Each year, unfair tax practices by multinational companies and wealthy individuals cost poor countries like Zambia at least $170 billion. Cecilia campaigns to make tax fair. Join her fight to end the era of tax havens.
Governments tried to further water down an already weak legislative proposal, Oxfam said in response to the EU finance ministers’ failure to agree on new measures against corporate tax dodging.
The package of measures announced by governments attending the anti-corruption summit in London today will not stop tax cheats, said Oxfam. Politicians from over 40 countries, along with World Bank and IMF representatives, attended the conference.
Each year, unfair tax practices by multinational companies and wealthy individuals cost poor countries like Malawi at least $170 billion. Stella campaigns to make tax fair. Join her fight to end the era of tax havens.
Oxfam International Executive Director, Winnie Byanyima, will use the WEF Africa meeting in Kigali, Rwanda this week to call for a radical overhaul in the way African countries manage the income from natural resources, an end to tax havens and the use of progressive taxation to fight inequality.