Time for the G20 to ACT

Oxfam are highlighting the Anti-Corruption Working Group (G20) that meets in Moscow today.

It’s estimated that there is $32 trillion sitting in tax havens globally which could raise $189 billion annually if it were taxable. Just $50.2 billion a year is the level of additional investment needed, combined with other policy measures, to end global hunger. In 2009, the G20 agreed to take action against tax havens secrecy by negotiating new transparent tax cooperation agreements.

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  1. Well done Oxfam! The monitory figures are quite staggering and a challenge to get your head around. Lets hope and pray that the G20 will put the necessary energy into addressing this issue. Thats the real challenge!

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