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Oxfam is calling on the World Bank Group to put safeguards in place to ensure that its clients can prove they are paying their fair share of tax.

Responding to the publication of the G20 Leaders’ communiqué, Oxfam Brazil’s Executive Director Viviana Santiago said: “We applaud Brazil for using their G20 Presidency to respond to people’s demands worldwide to tackle extreme inequality, hunger and climate breakdown, and particularly for rallying action on taxing the super-rich. Brazil has lit a path toward a more just and resilient world, challenging others to meet them at this critical juncture.” 

In 1984, a famine claimed the lives of one million Ethiopians.

The IMF has released a discussion note, authorized for distribution by chief economist Olivier Blanchard, on the damaging effect of income inequality on economic growth and supporting redistributiv

Latest Luxleaks documents show how change is desperately needed to combat tax dodging within the European Union.

Oxfam is disappointed that the EU’s planned new “Trust Fund for Africa”, intended to address migration, risks being used more for border security purposes, rather than fighting poverty and inequality.

The European Commission today published a proposal setting out plans to increase transparency on tax issues within the European Union.In reaction to the publication, Catherine Olier, Oxfam’s EU policy advisor, said:“While the European Commission is at last aware of the need for corporate tax transparency, it is still not addressing the issue head on. This feeble proposal fails to confront tax dodging by big business, and does nothing to stop sweetheart tax deals, such as those exposed by the recent LuxLeaks scandal.”“By not including country by country…

The world’s richest 1% increased their wealth by more than $33.9 trillion in real terms since 2015, reveals new Oxfam analysis ahead of the world’s largest development financing talks in a decade, in Seville, Spain. This is more than enough to eliminate annual poverty 22 times over at the World Bank’s highest poverty line of $8.30 a day. But about 60% of low-income countries remain in or at risk of debt distress.

The World Bank and the IMF must seize their early chance in what could be a watershed year to end extreme global poverty by putting the battle against inequality, climate change and tax dodging at the very top of its Spring Meetings’ agenda this week. 

Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day - while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from Oxfam today.