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: gunjan@oxfamindia.org / +91 9811777387

 

 


Others

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

Oxfam India's #COVID19 Response

09 Jun, 2022

New Delhi

Food Stall Supports Families

In New Delhi’s Anand Parbat is a roadside food stall that is collectively run by the Mahila Shakti Self-Help Group (SHG).

Read More

Oxfam India's #COVID19 Response

09 Jun, 2022

New Delhi

Cash For Livelihood

Salma and Zareena had struggled financially their entire lives. As if that was not enough – the lockdown worsened their situation and left them struggling to even get basic necessities like food.

Read More

Education

30 May, 2022

Uttar Pradesh & Jharkhand

1081 Out Of School Children Enrolled

As of 30 May, we enrolled 1081 out of school children in 7 districts in Uttar Pradesh and Jharkhand.

Read More

Private Sector Engagement

30 May, 2022

Assam

UNNATEA: The Tea Workers App

Oxfam India has been working for tea plantation workers in Assam so that they can access their rights, attain improved living conditions and wages, and live a life of dignity.

Read More