EU governments are unwilling to tackle large-scale tax avoidance of multinational companies, Oxfam says in reaction to a new directive formally approved today.
Despite EU intentions to crack down on tax avoidance, the European Commission’s Anti-Tax Avoidance Package does not do what it says on the tin, warns Oxfam, and developing countries will feel the EU’s failure most.
Oxfam welcomes today’s decision by the European Commission that Fiat and Starbucks were receiving unfair state aid.
Every year, the gap between rich and poor gets even wider – and it’s being fuelled by the use of tax havens. Today, 8 individuals have the same wealth as the poorest half the people on our planet. It is time to bring an end to inequality. It is time to Even it up!
Latin America and the Caribbean (LAC) is still the most unequal region in the world, despite economic growth and the reduction of both poverty and inequality over the last decade.
Multinational tax evasion is entrenching poverty and weakening developing country economies, Oxfam has warned ahead of the G20 leaders meeting in Russia to chart a plan for boosting global economic growth.
Oxfam welcomes today’s European Parliament vote in favor of legislation which will oblige EU-listed and non-listed big oil, gas, mining and logging companies to declare payments they make i
European leaders failed today to meet the expectations they had raised of cracking down on tax dodging at a summit in Brussels. In reaction, Catherine Olier, Oxfam’s EU Policy Adviser, said:
Meeting today in Brussels, European Finance Ministers failed to take bold action against tax evasion and avoidance, leaving a great deal still to be achieved at next week’s EU leaders’ summ
The European Commission, the European Parliament and the Council of the EU struck last night a deal on transparency of extractives industries.