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Rising EU Inequality: Oxfam Demands Wealth Tax Now

10/10/2025

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Summary

Story summary

Oxfam reports rising European Union (EU) inequality, noting the wealthiest pay less tax than others.
The richest 1% in the EU own 25% of wealth; half hold 3%.
EU billionaires' wealth rose by over €400 billion; nearly 500 in 2025.
Oxfam calls for an EU-wide wealth tax (€286.5 billion annually) and tax transparency; wealth caps gain traction.

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Story summary

Oxfam reports rising European Union (EU) inequality, noting the wealthiest pay less tax than others.
The richest 1% in the EU own 25% of wealth; half hold 3%.
EU billionaires' wealth rose by over €400 billion; nearly 500 in 2025.
Oxfam calls for an EU-wide wealth tax (€286.5 billion annually) and tax transparency; wealth caps gain traction.