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Our economy is broken, with hundreds of millions of people living in extreme poverty while huge rewards go to those at the very top., The number of billionaires has doubled since the financial crisis and their fortunes grow by $2.5bn a day, yet the super-rich and corporations are paying lower rates of tax than they have in decades. The human costs – children without teachers, clinics without medicines – are huge. Piecemeal private services punish poor people and privilege elites. Women suffer the most, and are left to fill the gaps in public services with many hours of unpaid care., We need to transform our economies to deliver universal health, education and other public services. To make this possible, the richest people and corporations should pay their fair share of tax. This will drive a dramatic reduction in the gap between rich and poor and between women and men., Check out the interactive online version of the report., Notre économie est défaillante : des centaines de millions de personnes vivent dans l’extrême pauvreté alors que d’immenses richesses sont concentrées dans les mains d’une minorité., Le nombre de milliardaires a doublé depuis la crise financière et leur fortune augmente chaque jour de 2,5 milliards de dollars. Or, les élites fortunées et les grandes entreprises bénéficient des taux d’imposition les plus bas de ces dernières décennies. Les coûts humains (des enfants sans enseignant-e-s, des cliniques sans médicaments) sont considérables et ce sont les plus pauvres qui en payent le prix. Les femmes en souffrent particulièrement, contraintes de combler des services publics insuffisants par de nombreuses heures de travail de soin non rémunéré., Nous devons transformer nos économies pour garantir l’universalité de l’accès à la santé, à l’éducation et à d’autres services publics. Pour cela, les entreprises et les plus riches doivent payer leur juste part d'impôts. Cela permettra de réduire considérablement l’écart entre les riches et les pauvres et entre les femmes et les hommes.

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.

2005 is already an extraordinary year. The tsunami in the Indian Ocean on 26 December 2004 caused widespread devastation, killed hundreds of thousands of people, left millions homeless, and plunged already poor countries into even deeper poverty. While the disaster has caused great devastation, the global wave of solidarity and public generosity that followed it offers grounds for hope. The outpouring of aid to those affected showed just what the international community is capable of when it acts in unison. The destruction caused by the tsunami was more than a ‘natural disaster‘: the impact was made far worse by the prevalence of extreme poverty and marginalisation in the region, and it is generally recognised that the affected countries will need significant support for many years if they are to recover. But it should also be recognised that the lack of international action to reform debt, aid, and trade policies has a similarly devastating impact on poor countries and requires the same level of solidarity and determination by the world community. Every week, poverty kills more people than the Asian tsunami. The question is: was the reaction to the tsunami a one-off event, or will the concerns of the poor be a continuing priority for the rich world? In this paper we consider the heroes and villains in the EU’s 25-member bloc. We ask: are they collectively doing enough to make sure that the EU seizes the opportunity to make poverty history?

Collecting tax is one of the key means by which governments are able to address poverty and inequality. But big business is dodging tax on an industrial scale, depriving governments across the globe of the money they need to address poverty and invest in healthcare, education and jobs. This report exposes the world’s worst corporate tax havens – extreme examples of a destructive race to the bottom on corporate tax which has seen governments across the globe slash corporate tax bills in an attempt to attract business. It calls on governments to work together to put a stop to this before it is too late.

European austerity programmes have dismantled the mechanisms that reduce inequality and enable equitable growth. With inequality and poverty on the rise, Europe is facing a lost decade. An additional 15 to 25 million people across Europe could face the prospect of living in poverty by 2025 if austerity measures continue. Oxfam knows this because it has seen it before. The austerity programmes bear a striking resemblance to the ruinous structural adjustment policies imposed on Latin America, South-East Asia, and sub-Sahara Africa in the 1980s and 1990s. These policies were a failure: a medicine that sought to cure the disease by killing the patient. They cannot be allowed to happen again. In A Cautionary Tale: The true cost of austerity and inequality in Europe Oxfam calls on the governments of Europe to turn away from austerity measures and instead choose a path of inclusive growth that delivers better outcomes for people, communities, and the environment., Oxfam has also produced a series of country case studies on the damaging effects of austerity. These cover France, Germany, Greece, Iceland, Ireland, Italy, the Netherlands, Portugal, and the UK, and are available to download below., "Oxfam's report, A Cautionary Tale: The true cost of austerity and inequality in Europe, makes an important contribution to assessing the high and long-lasting costs of these ill-conceived policies.", Professor Joseph Stiglitz