Implications of Wealth Taxes on Inequality in India

Economic inequality (income and wealth inequality) in India today is very high compared to international and historical standards. Further, due to low tax-GDP ratio and the resultant low spending on public services the situation of inequality is getting accentuated fast. Reforming the whole set of...

Oxfam India warns of sharply rising inequality in India

Inequality in India is real and has been rising sharply for the last three decades as an unfortunate legacy of the lopsided policy choices made by successive governments, Oxfam India said today as it published a new report.The report The Widening Gaps: India Inequality Report 2018 provides a...

Richest 1 percent bagged 73 percent of wealth created last year - poorest half of India got 1 percent, says Oxfam India

73 percent of the wealth generated last year went to the richest one percent, while 67 crore Indians who comprise the poorest half of the population saw one percent increase in their wealth. In the last 12 months the wealth of this elite group increased by Rs 20,913 billion. This amount is...

Inheritance Tax & Inequality: Global experience and lessons for India

Income and wealth concentration in India today is very high by international and historical standards. One of the factors that is attributable to concentration of wealth is that inherited wealth and invested capital (in the stock market, in real estate) grows faster than income. Taxing this...

Your questions answered: Oxfam’s Inequality report

Oxfam’s new inequality report, which found that just 8 men own the same wealth as half the world, is making headlines around the globe.  Since we launched we have been inundated with questions from people who want to know a bit more.  Our response to the five most frequently asked...

Inequality in India: what's the real story?

India is suddenly in the news for all the wrong reasons. It is now hitting the headlines as one of the most unequal countries in the world, whether one measures inequality on the basis of income or wealth.So how unequal is India? As the economist Branko Milanovic says: “The question is simple, the...

Oxfam International signs historic deal to move to Nairobi, Kenya

22 July 2016 -- When I became Executive Director of Oxfam International in May 2013 I was very proud and very excited. Oxfam is one of the world’s most recognisable and renowned social justice International NGOs, a group of organisations united in the fight against poverty. The chance to help shape...

What's the difference between relative and absolute poverty?

The number of people living in 'relative' poverty is increasing. Here's how that's defined and what it means for those people. New figures published by the Department for Work and Pensions show the number of people estimated to be living in relative poverty during 2014/15 increased by 500,000 on...

ISSUE 6 (March-May, 2016) : Exploring the link between extreme inequality and tax justice

This sixth edition of VOICE is insightful as well as exciting as it helps us link the myriad-faceted concept of inequality with tax justice.

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