“While the interim report has a lot of positive recommendations, there is no mention of making multinational corporations publish key financial information from each country they operate in. This is essential for countries to be able to assess exactly how much revenue governments may be losing to tax avoidance, including here in New Zealand.
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The world’s biggest pharmaceutical companies appear to be dodging an estimated NZ$5.5 billion in tax per year across 16 countries, reveals a new report from Oxfam today.
The report, ‘Prescription for Poverty', analyses the financial disclosures from Pfizer, Merck & Co. (also known as MSD), Johnson & Johnson and Abbott, between 2013 and 2015 and finds:
The world’s biggest pharmaceutical companies who are behind some of New Zealand’s most trusted brands – including Neutrogena, BAND-AID, Johnson’s Baby and Chap Stick - appear to be unfairly avoiding an estimated NZ$21million in tax per year in New Zealand, reveals new research from Oxfam today.
Oxfam staff on the ground in Cagayan, Philippines have reported complete devastation of crops and significant damage to critical infrastructure like roads and bridges in the aftermath of Typhoon Mangkhut.
The joint assessment teams of Oxfam and its partner, Citizens’ Disaster Response Center (CDRC), witnessed the destructive force of Ompong, known internationally as Super Typhoon Mangkhut.
Oxfam and its local partners are on high alert and ready to respond to Super Typhoon Mangkhut, known locally as Typhoon Ompong, if needed.
Oxfam and partner staff in the Philippines are preparing to respond to Super Typhoon Mangkhut as it barrels towards the north of the country.
The United Nation today published its annual report on global food security and nutrition, estimating that 821 million people were undernourished in 2017.
August has been the bloodiest month this year for civilians in Yemen due to a combination of the warring parties’ reckless disregard for civilian lives and the failure of their political backers to offer any action to prevent the carnage said Oxfam today.
Strong earthquakes and aftershocks continued to rattle Lombok sending its people, already reeling from the massive destruction in the previous weeks, running scared for their lives.