Latest World Finance & Trade Agreements

Record number of new billionaires a sign of extreme inequality, Oxfam says

Responding to reports that the 2017 Forbes’ billionaires list reveals a record 233 new billionaires, Oxfam Australia’s Head of Public Policy and Advocacy Rachel Ball said: “Once again we are seeing another shocking statistic emerge, highlighting inequality occurring on a scale the likes of which we’ve not seen before. “Earlier this year Oxfam revealed just […]

Never has a vision for a more prosperous, peaceful and secure world been needed more

With famine declared in South Sudan and the UN warning of looming famines across Somalia, Yemen and Nigeria, the devastating ongoing war in Syria and the effects of climate change being felt in Australia and the Pacific, an Australian vision for a more prosperous, peaceful and secure world is more important than ever. In its […]

Just eight billionaires as wealthy as poorest half of the world

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 […]

Apple ruling a lesson for Australia on how to clean up murky corporate tax practices

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.

Billions in private World Bank ‘development projects’ harming communities around the world

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 […]

Oxfam welcomes government action on tax dodging

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 […]

The risky business behind NAB’s bumper profits

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 – […]

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