WEF 2022: Oxfam calls for wealth tax to benefit women in informal sectors

On the first day of the World Economic Forum's (WEF) annual meeting, Oxfam International Executive Director Gabriela Bucher called for the wealth tax on billionaires to benefit women pushed into poverty by the coronavirus (Covid-19)pandemic

During a session on gender parity at the WEF on Monday, Bucher noted that while billionaire wealth has risen greatly during the two years of the pandemic, women have been left out as millions, especially in the Global South, lost their jobs in the informal sector. 

Achieving gender equality will now take 136 years, with the Covid-19 pandemic pushing back progress by a generation, she added.

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