paraíso fiscal

The Mauritius Leaks show that tax havens continue not only to exist but to prosper, despite government promises to rein in tax dodging. This briefing lists five steps governments can take to tackle tax avoidance, and end the era of tax havens and the race to the bottom on corporate taxation.

Tax havens deprive governments around the world of billions of dollars each year, fuelling inequality and poverty. The EU blacklisting process was announced as an attempt to put an end to the era of tax havens. Unfortunately – according to Oxfam research – the EU is set to whitewash some of the world’s worst tax havens.

New Oxfam research shows that four pharmaceutical corporations – Abbott, Johnson & Johnson, Merck & Co (MSD), and Pfizer – systematically hide their profits in overseas tax havens. This activity could deprive developing countries of more than $100 million every year – money that is urgently needed to meet the health needs of people in these countries.

The EU will soon release a blacklist of tax havens operating outside the EU, and issue penalties for those appearing on it. This report shows what a robust blacklist would look like if the EU were to objectively apply its own criteria and not bow to political pressure.

When global corporations and the super-rich use tax havens to avoid paying their fair share, it is the poorest countries and people who lose most. This briefing lists five actions governments can take to tackle tax avoidance and end the era of tax havens.

Since 2015 all banks based in the European Union have been obliged to publicly report their profits and tax on a country-by-country basis. This report showcases research by Oxfam that uses this new transparency data in depth for the first time to illustrate the extent to which the top 20 EU banks are using tax havens.

Collecting tax is one of the key means by which governments are able to address poverty. But big business is dodging tax on an industrial scale. This report exposes the world’s worst corporate tax havens and calls on governments to work together to put a stop to this race to the bottom.

The richest 1% now have more wealth than the rest of the world combined. The fight against poverty will not be won until the inequality crisis is tackled.