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The European Parliament today adopted a report advocating the EU press ahead with the introduction of a Financial Transaction Tax (FTT) on a unilateral basis to raise money for public goods.

The European Commission proposed today an EU-wide Financial Transaction Tax (FTT) to fund its next long-term budget (2014-2020) partly through own resources.

Monsoon rains - the worst in 122 years- have inundated major rivers in northeastern Bangladesh and submerged thousands of houses, impacting 4.3 million people. The worst is yet to come as flooding worsens and access to impacted areas is hampered, warns Oxfam today.e

A global bank tax to help poor countries survive the economic crisis must be urgently agreed, Oxfam said today ahead of the G20 meeting of finance ministers in Busan, South Korea.

The richest one percent of the world’s population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth.

On this World Humanitarian Day, Oxfam and the Global Protection Cluster join the humanitarian community in celebrating frontline humanitarian leaders working to protect the lives and rights of people living through crises. 

Today, the European Parliament voted in favour of an European Financial Transaction Tax (FTT), with 487 votes in favour out of 685.

As UNGA77 kicks off, Oxfam experts are engaging with a delegation in New York along with remote participation. Oxfam experts will be focused on issues including Hunger and the Global Food System, Climate Justice, the crisis in Yemen, Ukraine, COVID-19 recovery, Inequality, Education, and more. 

A European tax on financial transactions would be fair, practical and popular and could raise as much as €210 billion to tackle poverty and climate change, according to Oxfam's new report.

A poll commissioned by Oxfam and carried out in six European countries found a majority of people in the UK, Germany, France, Spain and Italy all support a Robin Hood Tax.