RB, the multinational company behind global household brands such as Dettol and Vanish, has today backed a public campaign for tougher tax laws after an Oxfam investigation suggested that poor countries are losing valuable revenue needed to tackle poverty due to its tax practices.
The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today.
The 50 biggest US companies, including global brands Pfizer, Goldman Sachs, GE, Chevron, Wal-Mart, and Apple, stashed $1.6 trillion offshore in 2015 – $200 billion more than the previous year - according to a new report by Oxfam.
Europe’s 20 biggest banks are registering over a quarter of their profits in tax havens – well out of proportion to the level of real economic activity that occurs there, according to a new report by Oxfam and the Fair Finance Guide International today.
Responding to the verdict in the retrial of the LuxLeaks whistleblowers, Max Lawson, Oxfam’s Inequality Policy Lead said: “Whistleblowers who expose tax dodging should be praised, not punished."
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.
47 economists and experts from across Japan, including Iwahito Katsui, renowned economist and professor emeritus at Tokyo University, have come together to urge the Japanese government to take a lead on tackling tax havens at the G7 Leaders Summit.