Press releases

Today, the European Commission unveiled its proposal for a single EU corporate tax rulebook: BEFIT (Business in Europe – Framework for Business Taxation).  

In response to the G20 communique, Oxfam says: ‘The G20 has failed to meet the huge challenges our world faces. They continue to stumble away from taking the bold actions necessary to tackle poverty, inequality, and climate change after an uninspiring and underwhelming Summit in India this weekend.” 

Global greenhouse gas (GHG) emissions are set to rise by 10.6% by 2030 instead of falling by the 45% needed to limit the increase in global temperature to 1.5 °C. The G20 countries are the worst and most-responsible offenders, says Oxfam.

Pressure is piling on the G20 to lead a global push to increase taxes on the richest citizens back to past levels that most people believe were fairer and more useful for society. 

Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia, and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals.  

Oxfam water engineers are having to drill deeper, more expensive and harder-to-maintain water boreholes used by some of the poorest communities around the world, more often now only to find dry, depleted or polluted reservoirs. 

Bangladesh’s Monsoon: Flooding and landslides kill at least five people in Cox’s Bazar – Oxfam responds

In response to Russia pulling out of the Black Sea Grain Initiative, Hanna Saarinen, Oxfam food expert, said: “While this grain deal has played a part in calming skyrocketing food prices, it is not the cure-all for world hunger.

Leaders from Europe, Latin America and the Caribbean will meet next week in Brussels for the first time in almost a decade.