Topic: Finance and debt
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.
Illicit financial flows hinder development in Africa – the UN must rise to the challenge of ending this
Article / 29th January 2021Every year, US$88.6 billion leaves Africa in the form of illicit capital flight according to the 2020 report of the United Nations Conference on Trade and Development (UNCTAD).
$427bn lost to tax havens every year: landmark study reveals countries’ losses and worst offenders
Report / 25th November 2020Countries are losing a total of over $427 billion in tax each year to international corporate tax abuse and private tax evasion, costing countries altogether the equivalent of nearly 34 million nurses’ annual salaries every year – or one nurse’s annual salary every second.