Latest Economic Justice

Oxfam condemns “private finance takeover” of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed. New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $529 trillion – 8 times more than public wealth. Since 2015 Australia […]

The number of Australian billionaires has more than doubled over the past decade, rising from 74 in 2015 to 161 in 2025, according to Oxfam Australia analysis of the Australian Financial Review Rich List. Number crunching also revealed that in the same period, billionaire wealth grew on average by more than $137 million per day, […]

Billionaire wealth surged by over $300 billion in the first month of the year. It would take 15 million workers an entire year to make as much money. Since G20 Finance Ministers agreed to work together to effectively tax the super-rich in July 2024, billionaires have pocketed over $1 trillion in new wealth. More than […]

New poll shows millionaires deeply concerned about impact of extreme wealth as more than 370 millionaires and billionaires sign open letter to world leaders at Davos demanding they draw the line and tax the super rich As the global elite gather in Davos this week for the annual World Economic Forum, a new poll reveals […]

Oxfam Australia has welcomed today’s passing of world-leading legislation on Public Country by Country Reporting of multi-national corporate tax and profit information as a significant step forward for tax transparency. This legislation will enable policy makers, civil society, journalists and academics to gain transparency over how multinational corporations are shifting profits to tax haven countries […]

As Coles Group and Woolworths announce their full-year profits for 2024, Oxfam Australia is calling for urgent action to address the growing inequality in Australia by better taxing the excessive profits of big corporations. Oxfam Australia Chief Executive Officer Lyn Morgain highlighted the injustice of the supermarket duopoly’s profits as the cost-of-living crisis continues. “It’s […]

Responding to the Rio de Janeiro G20 Ministerial Declaration on International Tax Cooperation published today, Oxfam International’s Tax Policy Lead Susana Ruiz, said: “This is serious global progress —for the first time in history, the world’s largest economies have agreed to cooperate to tax the ultra-rich. Finally, the richest people are being told they can’t […]

The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil. Here […]

Close to 20 former heads of state and government of G20 and higher-income countries, including former President of Chile Michelle Bachelet, former Prime Minister of Sweden Stefan Löfven, former Prime Minister of Australia Julia Gilliard, former Prime Minister of France Dominique de Villepin and former President of Spain José Luis Rodríguez Zapatero, called on current […]

Published today, economist Gabriel Zucman’s report―due to be formally presented at the G20 Finance Ministers and Central Bank Governors’ Meeting in July―sets out a proposal for a global standard on taxing the ultra-rich. In response, Oxfam Australia Chief Executive Officer Lyn Morgain said: “This is a sensible and serious proposal that is in every government’s […]