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The gap between where companies pay tax and where they really do their business is huge, as shown by new research described in this briefing.

Responding to the WTO’s published ‘outcome’ of negotiations over a waiver of Trade-Related aspects of Intellectual Property (TRIPS), Max Lawson, Head of Inequality Policy for Oxfam and co-chair of the People's Vaccine Alliance, said: "This text is a recognition that WTO rules on intellectual property are a clear barrier to ensuring people get the vaccines, tests, and treatments they need. It is a tragedy that it has taken almost two years and millions of deaths to reach this point and a travesty that the action proposed today falls well short of what is needed."

New Oxfam research shows that over a third of the world’s population has had no public money to cope with the effects of the pandemic. A new report “Shelter from the Storm” reviewed government programs used to inject additional money to help people and found none of them were adequate to meet everyone’s needs.

The worst flooding the Philippines has seen in decades highlights the urgent need for US leadership to push UN climate change negotiations in Bangkok forward to help ensure the best chance of securing a global climate treaty in Copenhagen.

The G20 should take urgent action to protect poor countries from economic crisis that is forcing 100 people-a-minute into poverty, Oxfam said today. Developing countries across the globe are struggling to respond to the global recession.

In response to Jeff Bezos’ space flight scheduled for Tuesday, Deepak Xavier, Oxfam International's Global Head of Inequality Campaign, said: "We’ve now reached stratospheric inequality. Billionaires burning into space, away from a world of pandemic, climate change and starvation. 11 people are likely now dying of hunger each minute while Bezos prepares for an 11-minute personal space flight. This is human folly, not human achievement."

Up to a quarter of a billion people are at risk of falling into extreme poverty this year due to the COVID-19 pandemic, climate crisis and the crisis in Ukraine. Global inequality threatens to rise massively unless more is done to effectively address this situation.  

With the UN Rio+20 talks effectively at a stalemate, Oxfam today calls on the Brazilian government to provide the leadership that is so urgently needed to rescue the Rio 92 Earth Summit legacy, and chart a path toward equitable and sustainable development.

The G7 must pursue windfall taxes on excess corporate profits including from those making huge returns from surging food and energy prices. The revenues can be used to fund an end to global hunger and to tackle climate change, says Oxfam.

More doses of Covid-19 vaccines have been delivered to the EU, the UK and the United States in the six-week run up to Christmas than African countries have received all year, new analysis from the People’s Vaccine Alliance reveals today.