Tag: tax

It’s time for a fairer Australia: Oxfam

The richest 1 per cent of Australians have more than double the wealth of the entire bottom 50 per cent – or more than 12.5 million people – Oxfam has revealed today ahead of the 2020 World Economic Forum in Davos, Switzerland. Oxfam Australia Chief Executive Lyn Morgain said the top 1 per cent of […]

Budget blind to dual crises of inequality and climate change

This year’s inward-looking Federal Budget does little to tackle growing inequality in Australia or the world, Oxfam Australia said tonight. “This is an extremely disappointing Budget.  There’s been no improvement in Australia’s policies to tackle climate change, we’ve seen a continuation of cuts to Australian aid, and aid funds are being diverted from Asia to […]

Tax cuts for big business should be buried for good

Responding to reports that the Federal Government has deferred its plans for corporate tax cuts, Oxfam Australia Chief Executive Dr Helen Szoke said: “The proposed $65 billion hand-out to big business will only fuel a global race to the bottom on corporate tax rates and undermine attempts to tackle inequality and poverty, both in Australia […]

Five steps the government must take to avoid another Paradise Papers scandal

Scandals involving the super-rich robbing the world’s poorest of much-needed tax revenues, like those revealed in the Paradise Papers leak, can be avoided if the Australian Government and others take five immediate steps towards tax reform, Oxfam Australia said today. International tax reforms have clearly failed, with new estimates suggesting that multinational companies artificially shift […]

ATO reveals large companies’ tax rort

Responding to the release of figures by the Australian Taxation Office that reveal the extent of tax avoidance by large Australian-based companies, Oxfam Australia’s Economic Policy Advisor Joy Kyriacou said: “The Australian Taxation Office has confirmed that multinationals avoided paying an estimated $2.5 billion into the public coffers in the 2014-15 financial year – money […]

Labor’s new tax policy shines light on hidden billions

Australia would become a world leader on tackling the tax dodging by multinationals that is robbing Australia and developing countries of billions of dollars that could be used to fight poverty under a Labor promise unveiled tonight, Oxfam Australia said. Oxfam Australia Chief Executive Helen Szoke said an announcement in tonight’s Budget Reply that a […]

Australia must follow UK and make country-by-country tax reporting public

Australia must put tough talk into action and follow the United Kingdom’s move to force multinational corporations dodging billions of dollars in taxes to publish country-by-country financial reports, international aid agency Oxfam said today. Oxfam Chief Executive Dr Helen Szoke said the Conservative Government in the UK had last night accepted an amendment to legislation […]

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