EvenItUp

Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today.

This global tax platform represents a step in a long road towards building a fairer and more transparent global tax system. The platform must be able to deliver tangible results and combat inequality, but most importantly, it must give the poorest countries a voice.

Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.

Oxfam welcomes today’s decision by the European Commission that Fiat and Starbucks were receiving unfair state aid. 

The European Commission today published an action plan for a fairer corporate tax system in the European Union.

Global wealth is increasingly concentrated in the hands of a small wealthy elite. This briefing explains Oxfam’s methodology and data sources and updates key inequality statistics.

What are the barriers to ensuring that a living wage is paid, and what are the root causes of low wages?

On the newly published UN Synthesis Report on the post-2015 framework, which sets the global development agenda for the next 15 years: Oxfam is disappointed that the UN has not made far stronger proposals to address extreme economic inequality and climate change in its new report.