global tax system

Ending extreme inequality to end poverty has no lack of policy options: from corporate tax reform to investment in health and education, and from raising the minimum wage to ending gender discrimination. This discussion paper aims to put one of these solutions on the agenda: the billionaire tax.

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.

Oxfam welcomes the World Bank and IMF’s recognition of the powerful and catalyzing impact of fairer tax systems in reducing poverty, inequality and promoting growth. But the two institutions need to provide more clarity on their proposal.

The European Commission today published an action plan for a fairer corporate tax system in the European Union.

This G7 finance meeting has again been a debate among exclusive club members without the equal participation of developing countries. It’s no wonder that tax issues relevant to poor countries were not addressed.