Skip to main content

When calamity equals major profit: why a windfall tax is the fairest way to ensure everybody benefits when big business booms

Over the past couple of years, 722 of the world’s biggest corporations have raked in more than $1 trillion in windfall profits. These massive, unexpected gains were made during the COVID-19 pandemic and its aftermath. The numbers are truly mind-boggling. While prices and interest rates are on the rise, these large corporations have been cashing […] Read more »
Inequality between the rich and the poor is showcased in this photograph of Tondo slum set against the cityscape of Manila, Philippines, 2014

Budget 2016: Do you know what’s missing?

Budget 2016, it had it all: “the economy”, bracket creep, innovation, nimbleness, agility, debt and deficit. Surely that’s everything, right? Well, not quite. Read more »
Barbara stands by the river to collect clean water. If everyone paid their fair share of tax, we could have a chance to meet the basic needs of people living in poverty, give them control over their own lives and the opportunity to change their futures.

The inequality stat that’s shocked the world

Extreme inequality is one of the defining issues of our time. Today, just 62 individuals have the same wealth as the poorest half of the world. That’s just 62 mega-rich individuals compared to 3.5 billion people. Read more »

Rapidly growing inequality is worsening poverty around the world

A new report from Oxfam sheds light on rapidly growing extreme inequality and how it worsens poverty around the world, as Prime Minister Tony Abbott prepares to spruik Australia’s G20 agenda at the World Economic Forum in Davos this week. The report, Working for the Few, shows that the wealth of the world is divided […] Read more »