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EU finance ministers failed to agree on a ‘digital services tax’ that would ensure big tech companies pay a minimum level of tax at a meeting today in Brussels. Instead, France and Germany have presented a watered-down new proposal to only tax online advertisements.

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

More than 52 million people in 18 countries across southern, eastern and central Africa are facing up to crisis levels of hunger as a result of weather extremes, compounded by poverty and conflict.  

At the meeting of the European Council in Tallinn today France, Germany, Italy and Spain called for an agreement on new measures to tax tech giants, like Google and Amazon. Currently, disparate tax laws allow large companies to pay disproportionately low effective tax rates in the EU.

Responding to the UK Government’s announcement that G7 leaders will agree to new financing for infrastructure projects in developing countries and an increase international climate finance, Oxfam's climate change lead Nafkote Dabi said: "This plan could support green development in poorer countries, but it is lacking in detail including on who will foot the bill."

Climate change is already forcing people from their land and homes, and putting many more at risk of displacement in the future. This paper describes the effects on communities and how responding to these growing realities demands far stronger action towards ending global climate pollution.

It is a good sign that the European Commission pursues its efforts to put an end to damaging tax deals despite the criticism it faced following the Apple ruling, Oxfam says in reaction to a new state aid investigation into French energy company Engie.

Following a vote in the European Parliament on the EU budget for 2019, Oxfam is concerned that the EU continues to prioritize migration management at the expense of humanitarian action and sustainable development.

Governments must take five immediate steps to stop corporations and the super-rich cheating poor countries out of over $170 billion in tax revenues every year, said Oxfam today in the wake of the Paradise Papers leak.Oxfam’s new briefing paper, ‘…

Under this new proposal, companies’ profits and their ability to shift them offshore will barely be affected and consequently developing countries will only see a very small increase in their corporate tax revenues.