Just eight people own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new Oxfam global report revealing the gap between the super-rich and the poor is far greater than had been feared. Oxfam Chief Executive Dr Helen Szoke said Australia had not escaped the […]
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Responding to reports the European Commission has ordered US tech giant Apple to repay a record 13 billion euros (AU$19.73 billion) in back taxes after ruling a series of Irish tax deals were illegal, Oxfam’s Fair Economies Advocacy Manager Joy Kyriacou said:
“This ruling by the European Commission shows how much the public lose out when big companies do the wrong thing and governments don’t step in and stop them.
Development projects funded by the private arm of the World Bank have caused human rights abuses, conflict and suffering for local communities, a new Oxfam report has found. The report, The Suffering of Others, highlights the risk of channelling billions of dollars of development money through third parties such as banks, private equity and hedge […]
The richest 1 per cent of the world’s population will have more combined wealth than the remaining 99 per cent of people next year unless the rapid rise of inequality is stopped, Oxfam warned today ahead of the annual World Economic Forum meeting in Davos this week.
Oxfam Australia has today welcomed a commitment from G20 Labour and Employment Ministers to tackle inequality.
Oxfam Australia has welcomed Treasurer Joe Hockey’s announcement today of further efforts to act on multinational tax dodging, but urges the government to use its G20 presidency to ensure that global tax reform benefits poor countries as well as rich ones. Oxfam Australia’s G20 spokesperson Jo Pride said high levels of tax dodging by multinationals […]
NAB’s bumper $3.15 billion cash profit announced this morning comes days after an Oxfam report called on the bank to provide justice for families and communities who have lost land, homes and livelihoods because of land-grabbing practices by an NAB backed company in South East Asia. Last week, Oxfam’s report, Banking on Shaky Ground – […]
Progress by G20 Finance Ministers toward tackling the issue of multinational tax avoidance has been welcomed by Oxfam Australia Chief Executive Dr Helen Szoke, though there is a need for more specifics on how and when low-income countries will benefit.
The G20 must take necessary steps to reform the international taxation system to stop wealthy tax dodgers, beginning at its Finance Ministers and Central Bank Governors meeting this weekend (22-23 Feb) in Sydney.
Multinational tax evasion is entrenching poverty and weakening developing country economies, international agency Oxfam has warned ahead of the G20 leaders meeting in Russia which is set to chart a plan for boosting global economic growth.