Turn the page on poverty

Even It Up

Prescription for Poverty

New Oxfam research shows that four pharmaceutical corporations—Abbott, Johnson & Johnson, Merck & Co. (also known as MSD), and Pfizer—systematically stash their profits in overseas tax havens. They appear to deprive developing countries of more than NZ$150 million every year—money that is urgently needed to meet the health needs of people in these countries—while vastly overcharging for their products. It is estimated that New Zealand loses NZ$21 million every year. 

Reward Work, Not Wealth

Last year saw the biggest increase in billionaires in history, one more every two days. This huge increase could have ended global extreme poverty seven times over. 82% of all wealth created in the last year went to the top 1%, and nothing went to the bottom 50%.

Dangerous, poorly paid work for the many is supporting extreme wealth for the few. Women are in the worst work, and almost all the super-rich are men. Governments must create a more equal society by prioritizing ordinary workers and small-scale food producers instead of the rich and powerful.

Making Tax Vanish - How the practices of consumer goods MNC RB show that the international tax system is broken

Big business is able to take advantage of loopholes in global tax laws and avoid tax on a massive scale. This deprives governments around the world of the money they need to tackle poverty and inequality. It means there is less for them to invest in healthcare, education and jobs.

This report examines the failings of the global tax system that facilitate mass tax avoidance. It looks at one example of a multinational company (MNC) that Oxfam thinks is not paying its fair share and gives an overview of its practices in New Zealand.. It calls on the New Zealand government and business to implement the reforms that are needed to stop MNCs from avoiding paying their fair share of tax in the future.