62 people own same wealth as half the world

The Oxfam report An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the...

300 economists urge leaders to reject tax havens

LONDON (AP) — Hundreds of economists urged world leaders Monday to end the era of tax havens, arguing they only benefit rich individuals and multinational corporations and serve to increase inequality.The 300 economists, in a letter coordinated by activist group Oxfam, say poorer countries are hit...

Tax dodging is a crime against developing countries

Five hundred Indians have been named in the Panama Papers revelations about the rich and powerful's use of tax havens, including well-known film stars and politicians. Research group Global Financial Integrity (GFI) previously estimated that India lost a whopping $51 billion to tax evasion in the...

Panama Papers: Oxfam report reveals 50 US corporate giants with offshore tax havens

As more skeletons tumble out of the 'Panama Papers' closet, an Oxfam report has revealed that 50 US corporate giants, including Apple, Microsoft, Google and Walmart, have stashed around a staggering $1.4 trillion in offshore tax havens.As more skeletons tumble out of the 'Panama Papers' closet, an...

Explainer: Why #PanamaPapers is just the tip of the iceberg

And how tax evasion hurts the world's poorest people.The leak of information from the database of Mossack Fonseca, the giant law firm headquartered in Panama, is a reality check.Not because the information, which went public in India late Sunday night, exposes over 214,000 offshore companies...

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...

Ending The Era Of Tax Havens

The gap between the rich and the rest is growing. Tax havens are at the heart of the inequality crisis, enabling corporations and wealthy individuals to dodge paying their fair share of tax.This prevents states from funding vital public services and combating poverty and inequality, with especially...