01272nam a22001217a 4500 Oxfam Africa: Richest One Percent Will Own More Than All the Rest By 2016 Oxford Oxfam 2015 A press statement in which Oxfam warned that the explosion in inequality is holding back the fight against global poverty at a time when 1 in 9 people do not have enough to eat and more than a billion people still live on less than $1.25-a-day. The combined wealth of the richest one percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Staggering inequalities as a result of various factors like tax dodging among others are to blame. The press statement shines a light on the way extreme wealth is passed down the generations and how elite groups mobilise their vast resources to ensure global rules are favourable towards their interests.It calls on governments to introduce measures to counter the ever rising staggering inequalities. TAX EVASION TAXES GOOD GOVERNANCE TRANSPARENCY TAX HAVENS ILLICIT WEALTH INEQUALITY http://iffoadatabase.trustafrica.org/iff/africa_richest_one_percent_will_own_more_than_all_the_rest_by_2016.pdf CF 355 355