inequality

The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam today ahead of the World Economic Forum (WEF) in Davos, Switzerland.

The World Bank today announced that 52 donor countries have committed to an $82 billion package for the 19th replenishment of the International Development Association (IDA19), the Bank’s fund for the world’s poorest countries.

The World Bank’s Compliance Advisor Ombudsman (CAO) announced today that it will launch a formal investigation into investments made by the International Finance Corporation (IFC) in for-profit multinational school chain Bridge International Academies.

Under this new proposal, companies’ profits and their ability to shift them offshore will barely be affected and consequently developing countries will only see a very small increase in their corporate tax revenues. 

Across the developing world, a child from a poor family is seven times less likely to finish secondary school than a child from a rich family, according to a new report published by Oxfam today.

This report, co-written by the Economic Commission for Latin America and the Caribbean (ECLAC) and Oxfam, seeks to show why it is urgent that the effectiveness of tax incentives is reviewed and assessed, in order to guarantee the rights of citizens. 

From campaigning to end the financial secrecy that shelters trillions hidden in tax havens, to encouraging investment in universal education and healthcare – Oxfam is working to make sure that the poor get a share of the power and resources that will help to reduce poverty and inequality.

In this briefing, Oxfam sets out the seven key issues the G7 must act on if the Biarritz Summit is to deliver more than just warm words on fighting inequality.

The report seeks to demonstrate the gendered implications of how tax systems are designed, focusing on identifying aspects of taxation that can damage women's economic autonomy. It also offers recommendations for transforming tax policy as an instrument to help combat some of the inequalities affecting women.