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Less than eight cents in every dollar raised in tax revenue in G20 countries now comes from taxes on wealth, reveals new analysis by Oxfam today ahead of the first meeting of G20 Finance Ministers and Central Bank Governors in Sao Paulo, Brazil. 

Today EU Finance Ministers, meeting in Luxembourg, agreed to drop the idea of an EU-wide European Financial Transaction Tax (FTT).

Europe’s crisis must be fixed because it is becoming a serious drain on developing countries already reeling from volatile food prices and aid cuts. But it’s not good enough for the G20 to fixate on Europe and forget about the rest of the world.

Oxfam condemns today’s decision by EU Finance Ministers to delay talks on a European Financial Transaction tax (FTT) until December. 

Finding the opportunity in a crisis is more than a snappy political catchphrase. It is the opportunity for the leaders of the G20 meeting on April 2nd to take long-term decisions in the interests of people and the planet. (a joint agency op-ed on the G20)

After enduring more than seven years of brutal conflict the people of Yemen have finally had the opportunity to experience what it means to feel hopeful. An unprecedented truce, now in its sixth month, brings with it the possibility for longer-term peace and the chance to rebuild lives and livelihoods. But while the conflict has slowed, humanitarian needs continue to increase, and the humanitarian response remains under and unequally funded. 

A Eurozone breakup could cost the world’s poorest countries $30 billion in lost trade and foreign investment, international agency Oxfam has warned ahead of the G20 leaders meeting in Mexico to discuss the state of the global economy.

Despite being largely virtual, this year’s UN General Assembly opening week will remain a vital convening space where leaders and civil society can jointly discuss and tackle some of the gravest issues we face today.

Commenting at the close of the EU council meeting where leaders agreed on a new EU 2030 climate target and discussed the EU’s response to the Covid-19 pandemic, Evelien van Roemburg, head of Oxfam’s EU advocacy office said: "The new, more ambitious, EU 2030 target still falls short of what is needed and what is fair. The EU must take urgent practical steps to deliver above and beyond this target."

Oxfam and international and local partners are planning to help people in Mozambique hit by a second devastating cyclone in less than six weeks.