Even it up

Even it up

Extreme inequality is hurting us all – damaging economic growth, fuelling crime, and destroying the hopes of billions who are trapped at the bottom with no way out.

It's time to even it up! One positive action we can take is to demand an update of international tax rules so they work for everyone, not just for wealthy multinational corporations.

The tax system is crucial to ensuring that everyone enjoys their basic human rights. We all want warm houses, clean rivers and oceans, decent roads and public transport, thriving communities, and the health, skills and knowledge to enjoy meaningful work. Governments around the world use tax to make sure we all have access to our fair share of resources.
 
Multinational corporations don’t want to share. They use their power to avoid paying taxes to governments around the world; shirking their responsibilities and robbing from people living in poverty.
 
In fact, multinational corporations are now paying less tax than before the 2008 financial crisis, and they continue to shift up to 40 percent of their foreign profits to shadowy tax havens so they can avoid contributing where they should. This isn’t right.
 
Right now, you can help.
 
As you read, unfolding across the world is an unprecedented opportunity to change the outdated international tax system that fuels poverty and inequality. We can change it for the better, and you can help.
 
Ministers Robertson and Nash want to hear your thoughts. They have issued a discussion paper on multinational corporations and the digitalization of the economy. Read it here.
 
This is your opportunity to tell them that New Zealand should champion international tax rules to stop multinational corporations behaving badly – from tech giants to pharmaceuticals to oil corporations. If we can demand that these corporate giants contribute their fair share, we will help provide nurses, teachers, roads, and electricity to those who need it most.
 
We're working on our submission and we'll share it with you soon.
 
 
CLICK HERE to tell us you’re in for a world where everyone enjoys good health, infrastructure to get their goods to market, and the skills and knowledge they need to meaningfully contribute to their communities.
 
Read on if you want a little more detail.
 
We need international rules for a digital future.
 
Our international tax system is based on rules created before World War One. These rules say what multinational corporations can do and what governments can tax. Right from the beginning, multinational corporations have found ways to bypass these rules so that they drain profits away from countries where they have to pay tax. Corporations have manipulated countries’ need for investment to drive down corporate tax rates to the lowest they have ever been. This bad behavior robs billions of dollars from governments around the world.
 
To make matters worse, our economies have changed and become more digitalised, meaning these international tax rules are now obsolete. Digital corporations, like the big tech giants, can avoid paying any taxes at all. In response to this, a few governments decided to put their own digital services tax in place.
 
But the problem runs much deeper. Our economies have increasingly become digitalised with people involved in digital transactions around the world. We need to change the fundamental rules, not just add new ones.
 
The OECD and 129 countries around the world – including New Zealand – are joining together to agree on a modernized set of rules around how governments tax multinational corporations. These discussions offer the potential for fundamental reform of the old international tax system in our digital world.
 
If governments get this right, we could see the end of corporate tax havens and tax avoidance. It could mark the beginning of a new tax era with fair taxes; where countries get the funds they are owed so they can eradicate poverty and inequality.
 
This is where you come in.
 
You can tell our government you want an international tax system that fits our future and that is fair for everyone, everywhere.
 
CLICK HERE to tell us if you want a world where everyone enjoys good health, infrastructure to get their goods to market, and the skills and knowledge they need to meaningfully contribute to their communities.
 

Latest news

Byanyima and Ardern talk NZ budget, inequality, climate change

January 23, 2019

Oxfam International executive director Winnie Byanyima and New Zealand prime minister Jacinda Ardern have met to discuss global and New Zealand issues including the upcoming national well-being budget and global inequality.

Drug companies cheating New Zealand out of millions in tax revenue

September 18, 2018

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.  

Super-rich got 82% of wealth created last year - poorest half of world got nothing

January 22, 2018

Eighty two per cent of the wealth generated last year went to the richest one per cent of the global population, while the 3.7 billion people who make up the poorest half got nothing, according to a new Oxfam report released today. The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland.

Latest blogs

Seven brilliant questions you asked about Oxfam’s Inequality report

January 30, 2019

Oxfam’s new inequality report, which reveals that billionaires’ fortunes grew by $2.5 billion a day last year, as poorest half of humanity – 3.8 billion people – saw their wealth fall, is making headlines around the globe. Since we launched, we have received lots questions. Here are our responses to seven of the most frequently asked questions.

Our humanity is the true source of economic growth and flourishing civilization

January 25, 2019

The current inequality crisis is the direct result of this moral failure. Our exclusive, highly unequal society based on extreme wealth for the few may seem sturdy and inevitable right now, but it will collapse. Before long, the pitchforks will come out and the ensuing chaos will benefit no one. Not wealthy people like me - and certainly not the poorest people who have already been left behind.

Our inequality crisis can be solved by ensuring corporations and wealthy individuals pay their fair share of tax

January 21, 2019

A little change can go a long way. Oxfam estimates that a tiny 0.5 percent increase in tax on the wealth of the richest one percent could raise more than it would cost to educate all the children who are currently out of school and provide healthcare that would save the lives of 3.3 million people.