Latest Economic Justice

New wealth of top 1% surges by over $52.4 trillion since 2015 – enough to end poverty 22 times over, as Oxfam warns global development “abysmally off track” ahead of crunch talks

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 […]

Oxfam welcomes world leading Australian tax transparency legislation

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 […]

Woolworths and Coles profits must be taxed, as Australians struggle with cost-of-living crisis: Oxfam

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 […]

Oxfam reaction to the Rio de Janeiro G20 Ministerial Declaration on International Tax Cooperation: “this is serious global progress”

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 […]

Former heads of state and government call on President Biden and fellow G20 leaders to back global deal to tax the ultra-rich

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 […]

Oxfam reaction to Zucman report to Brazil’s G20 Presidency on taxing the super-rich

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 […]

Displaying 1-10 of 23 articles