722 mega-corporations raked in $1 trillion a year in windfall profits in 2021 and 2022. A windfall tax of 90 percent on last years’ windfall profits could generate $941 billion —money that now could be used to tackle poverty and climate change. While profits soared, one billion workers across 50 countries took a $746 billion […]
Workers in Australia took a 4.6% real term pay cut in 2022, losing on average AUD $4,163 and working almost 10 days effectively unpaid because wages did not keep up with inflation, reveals new analysis from Oxfam ahead of International Workers Day. The total losses for workers in Australia was AUD $58 billion, while the […]
Oxfam Australia is marking the 10th anniversary of the Rana Plaza tragedy by calling on Australian brands to do more to protect the rights of garment workers; as a new Oxfam survey found 9 in 10 (88%) of Australians rate the safety of garment workers as important when buying clothes. The collapse of the eight-story […]
Oxfam Australia has praised the Albanese Government’s world-leading corporate tax transparency legislation, saying it will help reduce tax avoidance in Australia and abroad, and help ensure big corporations pay their fair share of tax. Quotes attributable to Lyn Morgain, Chief Executive, Oxfam Australia: “Global tax dodging is costing Australia and starving low-income countries of much […]