Latest Economic Justice

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 […]

Gaza hunger figures reflect “shameful failure” of global leaders: Oxfam

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 […]

Australian companies rake in $98 billion in ‘crisis profits’ off the back of global suffering: Oxfam report

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 payouts to shareholders rise 6 times faster than worker pay since 2020

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 […]

Gaza hunger figures “worst on record” – says Oxfam

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 […]

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