Topic: Finance and debt
More than 100 countries face spending cuts as Covid worsens debt crisis, report warns
Report / 24th September 2021More than 100 countries face cuts to public spending on health, education and social protection as the Covid-19 pandemic compounds already high levels of debt, a new report says.
Wartime fiscal measures on the pandemic profiteers could raise enough money to buy vaccines for everyone and fund for the recovery
Blog / 16th September 2021Outrageous profits have been made by the extremely rich during the pandemic. They need to show shared sacrifice and solidarity by rallying behind the rest of the world, writes Anthony Kamande.
As rich-poor divide widens between nations, UN urges reform
News / 16th September 2021A new report from the United Nations highlights divergent economic recoveries between nations and throws fresh urgency behind warnings that richer nations are not doing enough to help poorer countries from falling further behind as the world recovers from COVID-19 disruptions.
Adding fuel to fire: How IMF demands for austerity will drive up inequality worldwide
Report / 3rd September 2021A new briefing paper by Oxfam shows that the International Monetary Fund is systematically encouraging countries to adopt austerity measures once the pandemic subsides, risking a severe spike in already increased inequality levels.
Global austerity alert: Looming budget cuts in 2021-25 and alternative pathways
Report / 9th August 2021A new global study sounds an alert of an emerging austerity shock: most governments are imposing budget cuts, precisely at a time when their citizens and economies are in greater need of public support. By the Initiative for Policy Dialogue et al.
‘Far too low’: Tax justice campaigners push back against the G7’s 15% minimum tax-rate pact
News / 9th June 2021The world’s richest countries have finally agreed in principle to the idea of a global minimum corporate tax rate—a step that could signal a conclusion to a debate that has been raging for nearly a decade.
A corporate tax reset by the G7 will only work if it delivers for poorer nations too
Blog / 4th June 2021G7 negotiations for a global minimum corporate tax rate offers the opportunity for a transformational shift in responses to the pandemic, explains Alex Cobham of the Tax Justice Network.
Poor pushed aside as corporates pocket pandemic funds in developing countries
Report / 2nd June 2021Large corporations, rather than ordinary people, have been the main beneficiaries of Covid bailout funds in many lower-income countries.
Rights not debts
Article / 21st May 2021The harms to human dignity caused by over-indebtedness — whether individual or public — are a consequence of unjust policies which violate human rights. Protecting rights must be a core principle of debt justice.
A tide-turning moment in the global struggle for tax justice
Blog / 5th March 2021It’s not often that you can celebrate an outright, global triumph for the advocacy efforts of a movement. But for tax justice, this is one of those days, writes Alex Cobham for the Tax Justice Network.