Latest Economic Justice

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 […]

In response to the latest Global Integrated Food Security Phase Classification (IPC) report published today, which warns that a high risk of famine persists across the Gaza Strip, Oxfam’s Regional Director for the Middle East, Sally Abi Khalil, said: “The figures in this report are a shameful testament to the failure of world leaders to […]

NAB, Woolworths, BHP and Hancock Prospecting are amongst the companies that have amassed staggering crisis profits The top 500 Australian corporations made $98 billion in additional ‘crisis profits’ off the back of the COVID-19 pandemic and the Russian invasion of Ukraine between 2021-23, a new Oxfam report reveals, as the organisation calls for a ‘crisis […]

Australian dividend payments to shareholders from corporate investments grew six times faster than worker pay between 2020 and 2023, new Oxfam analysis reveals on International Workers’ Day (May 1).   Accounting for inflation and through COVID-19, the war in Ukraine and the cost-of-living crisis, dividend payments in Australia rose 37%, while average real wages in Australia […]

As Yemen enters its tenth year of war, its people face renewed airstrikes and a deepening economic crisis that risks pushing millions into starvation, Oxfam has warned today. Today marks nine years since the escalation of the conflict. A temporary UN-brokered truce expired in 2022 and, whilst it has largely held, recent Houthi military activity […]

In reaction to the Integrated Food Security Phase Classification (IPC) report published today on Gaza stating that famine is imminent in Northern Gaza and, if Israel persists in its hostilities and restricting humanitarian access, there is a real risk of famine for the rest of the enclave, Sally Abi Khalil, Oxfam’s Middle East and North […]

In response to the Australian Government’s announcement on the stage three tax cuts, Oxfam Australia’s Interim Director of Programs, Rod Goodbun, said:   “We welcome today’s announcement that the Australian government has taken positive measures to address the relentless surge in the cost of living and enhance the fairness of the stage three tax cuts. “The […]