G20

Global greenhouse gas (GHG) emissions are set to rise by 10.6% by 2030 instead of falling by the 45% needed to limit the increase in global temperature to 1.5 °C. The G20 countries are the worst and most-responsible offenders, says Oxfam.

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.” 

Responding to the official launch today of the Global Alliance against Hunger and Poverty proposed by Brazil’s G20 presidency, Oxfam Brazil’s Director of Programs, Advocacy and Campaigns Maitê Gauto said: “The Global Alliance Against Hunger and Poverty could be a turning point in the battle against hunger and extreme poverty. Sharing proven policy solutions like cash transfers and school meals is crucial, but the Alliance must go further still by prioritizing transformative agriculture, racial and gender equity, land rights, and small-scale farming. It must also urgently address the devastating impacts of climate change on food systems in the Global South and confront the weaponization of hunger. Only by embracing these deeper, structural changes can we hope to tackle the root causes of hunger and poverty effectively."

In response to the communiqué published following the Fourth G20 Finance Ministers and Central Bank Governors Meeting, Oxfam International’s Tax Policy Lead, Susana Ruiz, said: “The G20 Finance Ministers are advancing toward fairly taxing the ultra-rich worldwide. Far from a blip, today’s G20 Ministerial reflects an emergent shift in consensus from the world’s largest economies to reduce extreme inequality by ensuring the ultra-rich pay their fair share. While we need G20 leaders to ratify this commitment at the Rio Summit in November and lay out steps for its implementation, let’s make no mistake: finance leaders have hit a new historic milestone."

Responding to the Rio de Janeiro G20 Ministerial Declaration on International Tax Cooperation published today, Oxfam International’s Tax Policy Lead Susana Ruiz, said: "This is serious global progress —for the first time in history, the world’s largest economies have agreed to cooperate to tax the ultra-rich. Finally, the richest people are being told they can't game the tax system or avoid paying their fair share."
 

The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil. 

In response to economist Gabriel Zucman’s report on taxing the ultra rich submitted to G20, Oxfam International’s Tax Policy Lead Susana Ruiz said: “All G20 countries should support Brazil’s push to secure the first-ever global deal to tax the super-rich."
 

In response to the communiqué published following today’s meeting of G7 Finance Ministers and Central Bank Governors, Oxfam International’s Tax Policy Lead, Susana Ruiz, said: “That conversations about taxing the super-rich are happening at the G7 and G20 is historic. A majority of people, across party lines and across countries, support proposals to fairly tax the rich.
 

Income inequality is high or increasing in 60 percent (64 out of 106) of low- and middle-income countries receiving grants or loans from the International Monetary Fund (IMF) and World Bank, reveals new Oxfam analysis ahead of the 2024 Spring Meetings in Washington D.C. Countries with high levels of income inequality have Gini coefficients above 0.4, the warning level set by the United Nations.

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.