September 2025: The richest 1% increased their wealth by more than $33.9 trillion in real terms since 2015, while over US$492 billion has been lost in global potential revenue for governments due to tax abuse by Multinational Cooperations. (MNCs).
The year 2025 has seen unprecedented threats to multilateralism, an increasing gap in financing the Sustainable Development Goals with US$4 trillion needed to close it, and rising global inequality, trade wars and climate change. The richest 1% increased their wealth by more than $33.9 trillion in real terms since 2015, while over US$492 billion has been lost in global potential revenue for governments due to tax abuse by Multinational Cooperations. (MNCs). Yet even with these challenges, this year can mark a turning point and an opportunity to strengthen multilateralism and to advocate for a new international tax system that ensures the wealthy and MNCs pay their fair share.
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