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The International Monetary Fund (IMF) today publishes a major new report on global corporate taxation: “Spillov

Oxfam dismissed claims by the government of Bermuda that there are serial errors in the agency's report on the world’s worst tax havens today.  The UK overseas territory earned the top spot in Oxfam's list of corporate tax havens because of its corporate income tax rate of zero percent and its lack of enthusiasm for international cooperation against tax avoidance. In 2012, US multinational corporations reported more profits in Bermuda than in Japan, China, Germany and France combined.Esme Berkhout, tax policy advisor for Oxfam said:“Bermuda’s claim that Oxfam’s…

Christine Lagarde gave the go ahead for 3 countries affected by Ebola to increase their fiscal deficit.Nicolas Mombrial, head of Oxfam’s DC office said,"Who would have thought that IMF would ever give the green light to countries— even affected by a terrible epidemic— to increase their fiscal deficits? It is jaw-dropping.”“With the recent IMF discourse on inequality, gender, climate, it raises hope of a new IMF that has moved past the Washington Consensus and its promotion of austerity policies to prioritizing the needs of those at the bottom of the…

The recent World Trade Organization deal made in Nairobi fails to deliver what is urgently needed, while the US and the EU continue to push for regional rather than international agreements, said Oxfam International's Campaigns and Advocacy Director, Celine Charveriat. 

"The selection of David Malpass as the US nominee for World Bank president is concerning. Mr. Malpass has yet to demonstrate his commitment and vision for addressing many of the great global challenges of our time," said Nadia Daar, Head of Oxfam International’s Washington Office, in reaction to President Trump’s reported selection of David Malpass as the US nominee for World Bank president.

International development cooperation has consistently been an integral component of the European Union's foreign policy. Like diplomacy, development cooperation is a means to foster stability, security and prosperity for all in an increasingly interconnected world. The COVID-19 pandemic, the climate crisis and the ripple effects of Russia’s full-scale invasion in Ukraine have underscored our global interdependence and the imperative for international collaboration, investment, and partnerships that promote equitable development globally while safeguarding the long-term interests of the EU and its citizens.  

Eight of ten Europeans say laws need to change to clamp down on the use of tax havens, a poll published on Tuesday shows.

Today marks a historic day in Somalia, as parliament elected Hassan Sheikh Mohamud, as the country's new president.

Reacting to remarks by new World Bank President Jim Yong Kim at the Brookings Institution in Washington today, Oxfam spokesperson Elizabeth Stuart said: 

 Commenting on the publication of the …