Topic: Finance and debt
Global tax on billionaires becomes possibility as Brazil's president cements G20 agreement
News / 20th November 2024A landmark call for billionaires to be taxed at a minimum rate has been agreed to in principle at the G20 summit, as all countries present endorsed the measure.
World losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform
Report / 19th November 2024Countries are losing US$492 billion in tax a year to multinational corporations and wealthy individuals using tax havens to underpay tax, the Tax Justice Network’s annual State of Tax Justice shows.
New report calls out damage from Global North’s refusal to do their fair share and pay up on climate finance
Report / 15th November 2024The latest Civil Society Equity Review outlines the profound damage being done by the developed countries’ refusal to do their fair share, especially on climate finance.
International financial system ‘not fit for purpose’ to address catastrophic debt crisis: UN poverty expert
News / 21st October 2024The international financial system is failing to address the catastrophic debt crisis that is engulfing developing countries and causing misery for hundreds of millions of people, according to the UN’s poverty expert.
The US’s priority: Palestinian slaughter, not hurricane prep
Article / 11th October 2024As devastating natural disasters cause mass destruction across the southeastern United States, politicians and leaders are more concerned with arming Israel to the teeth than preparing and rebuilding their own communities.
Developing countries face worst debt crisis in history, study shows
Report / 23rd July 2024Developing countries are facing the worst debt crisis in history with almost half their budgets being spent on paying back their creditors, a study has found.
A tax on the super-rich to fight hunger gains ground
Article / 28th June 2024A global agreement could levy a small tax on the world’s 3,000 richest people, with fortunes in excess of US$1 billion, and use the money to fight world hunger, a study by the Brazilian government and the European Union’s Tax Observatory has shown.
Less than 3% of G7 military spending could help end global hunger and solve Global South debt crisis
News / 13th June 2024With funds equivalent to just 2.9% of their combined annual military spending, G7 countries could help end world hunger and solve the debt crisis in the Global South, reveals Oxfam.
Debt payments by countries most vulnerable to climate crisis soar
News / 4th June 2024Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the start of the coronavirus pandemic and now stand at their highest level in more than three decades, campaigners have warned.
Africa experiencing worst debt crisis in a generation
Report / 22nd May 2024The majority of African countries spent more repaying external debts than on healthcare or education last year as the continent experiences its worst debt crisis in a generation, according to a new report by international aid agency Christian Aid with Debt Justice.