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

Humanitarian Response and DRR

20 Jan, 2022

Kerala

Supporting the Flood-Affected in Kerala

In October 2021, heavy rainfall in Kerala caused rivers to swell and flood the surrounding areas.

Read More

Education

16 Jan, 2022

Uttar Pradesh

Mohalla Classes 2.0

“When I visited Haswa Bazaar, I realised that no child went to school.

Read More

Transboundary Rivers of South Asia (TROSA)

13 Jan, 2022

Dhubri, Assam

Handcrafting a Water Filter

“I remember reading about how to make a water filter at home when I was in class seven,” said Rowsonara Begum, a 53 year old resident of Bamunpara village in the Bilasipara block of Dhubri, Assam.

Read More

India Discrimination Report

07 Jan, 2022

Karnataka

Back to School and Digital Literacy 

Apart from the usual COVID-19 response of strengthening the public healthcare system and providing food and safety kit to some of the most marginalised communities, Oxfam India also set about refur

Read More