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end 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.
Since 2014, a huge number of documents have revealed how powerful corporations and super-rich individuals are exploiting a rigged global system that allows them to avoid paying their fair share of tax. And it’s the world’s poorest people who pay the price. Add your voice and join the fight against tax havens.
This global tax platform represents a step in a long road towards building a fairer and more transparent global tax system. The platform must be able to deliver tangible results and combat inequality, but most importantly, it must give the poorest countries a voice.
At the close of the World Bank and International Monetary Fund’s Spring Meetings in Washington, Chris Stalker, Acting Head of Oxfam International’s Washington office, commented on the week's developments.
“The Panama Papers give us a disturbing look into the murky world of tax dodging, a problem that governments and international institutions refuse to tackle head-on. The true scandal is that many of the cases uncovered are not always illegal, but instead, fully legal practices that ruthless abuse a weak and inadequate tax system."
Did you know that 1% now own more than the rest of us combined? Every year, the gap between rich and poor gets even wider – and it’s being fuelled by the use of tax havens. It is time to bring an end to inequality and overcome poverty for good. It is time to Even it up!