Panama Papers Reveal the Murky Details of the Richest 1%: Oxfam India

Panama Papers Reveal the Murky Details of the Richest 1%: Oxfam India

In light of the investigation into tax havens published today by the International Consortium of Investigative Journalists and other news organizations, Dr Nisha Agrawal, Oxfam India’s chief executive officer said,  

“The Panama Papers give us a disturbing look into the murky world of tax dodging, a problem that governments and international institutions refuse to tackle head-on.  Tax havens prosper by helping potential tax payers to hide income and assets from the authorities in other countries. Their aim is to achieve impunity: impunity from taxation. The result is greater poverty for others. Tax havens fuel both inequality and corruption, and deprive governments around the world of vital revenues to invest in quality, universal public services for all.

Oxfam estimates that every year, on average, countries lose $170 billion due to tax dodging, while 400 million people don’t even have access to basic healthcare.

Oxfam’s recent report revealed that the top 1% have now accumulated more wealth than the rest of the world put together. Such extreme inequality makes no moral or economic sense, and it is hampering efforts to end extreme poverty. Oxfam calls on governments to penalize banks and any others who facilitate tax dodging and on the Indian government to take all necessary measures to close the loopholes which allows tax dodging,” said Agrawal.

Notes to editors: 

Oxfam India is urging supporters to take action and help end the era of tax havens. 

Contact information

Gunjan Jain in New Delhi: / +91 9811777387




Find out how Oxfam India is enabling communities by working to provide a life of dignity and equal opportunity for all.Get to know more about Oxfam India`s latest projects.

Read More

Related Stories

#COVID19: Oxfam India is responding

23 May, 2020

Patna & Siddharthnagar

Leaving a Life Behind

Mohammed Moin had been in Delhi for a long time. He owned a tea stall and earned a monthly profit of about Rs 10000. Since the lockdown, which began on March 25, he hadn’t been able to set shop.

Read More

#COVID19: Oxfam India is responding

21 May, 2020

Odisha-AP border

The Homeward Journey

Navigating social media has been grim these last two months.

Read More

#COVID19: Oxfam India is responding

18 May, 2020

Tumkur, Karnataka

Livelihood in the Time of a Lockdown

My colleague from the Bengaluru office, Mallika, called to double check if we were documenting the ‘FPO’ story for our weekly update. FPO is the short for Farmer Producer Organisation.

Read More

#COVID19: Oxfam India is responding

17 May, 2020


On Foot, On Truck and Finally, A Bus

The kitchen on the Odisha-AP border in Ganjam district was up and running early today morning. On the menu was vegetable biryani, chole with lemon and onion.

Read More