Wealth tax

Since the pandemic, the IMF’s leadership has been urging countries to pursue more progressive tax policies, backed up by the Fund’s own research. Despite this encouraging development, the IMF’s policy advice on tax in its Article IV reports since the pandemic has been skewed towards regressive taxation. This indicates its continued insistence on austerity as […]

Europe faces a deep inequality crisis: the richest 1% in the EU own nearly a quarter of all wealth while half the population shares just 3%. Decades of tax cuts for the wealthy and corporations resulted in the super-rich paying proportionally less taxes than ordinary citizens, eroding fairness, democracy, and social cohesion. The EU lacks […]

This briefing paper examines growing inequality in the Middle East and North Africa (MENA) region, focusing on Egypt, Lebanon, Morocco and Tunisia in the wake of the Covid-19 pandemic and the cost of living crisis. It examines the lack of adequate and just taxation systems across the region, particularly wealth taxes. This limits governments’ fiscal […]