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The upcoming EU tax haven blacklist has to include at least 35 countries, including notorious tax havens such as Switzerland and Bermuda, in order to be effective, Oxfam finds in a new report published today. The analysis also shows that at least 4 EU countries would be blacklisted if the EU were to apply its own criteria to member states.

Rising food prices and a lack of political will has affected how millions of people across the world have been breaking their fasts during the holy month of Ramadan.

Less than half (49 per cent) of the 2.1 billion COVID vaccine donations promised to poorer countries by G7 countries have been delivered, according to new figures published today by Oxfam and the People’s Vaccine Alliance.  

In 2009, an Oxfam report highlighted five main effects that Bolivia could expect as a result of climate change: less food security; less water availability; more frequent and larger-scale “natural” disasters; an increase in mosquito-borne diseases; and more forest fires. About 10 years later, a similar team of experts traveled to different regions of the country, to explore some aspects that could not be covered in the previous visit and to observe the changes.

Today, the EU Parliament agreed on the new EU law to make companies accountable for the damage they cause to people and the planet: the Corporate Sustainability Due Diligence Directive (CSDDD). 

Today the European Parliament gave the green light to the European Markets Infrastructure Regulation (EMIR) designed to regulate shady ‘over the counter’ (OTC) derivatives. NGOs welcomed the introduction of clearing and reporting obligations for these financial products as a crucial step towards regulating vital agricultural commodity derivatives markets.

Thirty-two of the world’s largest companies stand to see their profits jump by $109 billion more in 2020 as the Covid-19 pandemic lays bare an economic model that delivers profits for the wealthiest on the back of the poorest, according to a new Oxfam report today.

Today, EU finance ministers agreed on the reform of the mandate of the Code of Conduct Group, the body within the Council of the EU that assesses harmful tax regimes and is responsible for the EU tax haven list. This reform updated the definition of harmful tax regimes in EU countries. No progress was made on updating the criteria for the EU tax haven list.  

Today, EU negotiators have reached a long-awaited political agreement on the EU migration pact. In response, Stephanie Pope, Oxfam EU migration expert, said: “As we hear EU statements celebrating this deal, the question is, at what cost?"  

Europe is facing unacceptable levels of poverty and inequality. This briefing paper reviews the current situation and presents recommendations to help put an end to poverty and extreme inequality in Europe.