Africa’s Inequality Crisis and the Rise of the Super-Rich
Overview
Africa is facing a double inequality crisis: extreme inequality alongside weak commitment among its governments to fight it. But there is hope. The African Union has urged member states to reduce inequality by 15% in the coming decade and has identified progressive taxation as a key tool to do so. The challenge, though, is the “how” – to achieve this target. Most African countries are not fully leveraging progressive taxation to effectively tax the super-rich and address inequality. The reasons for this are many, including the regressive policies peddled by the International Monetary Fund (IMF), the corrosive impact of illicit financial flows, and the lack of political will to confront inequality.
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DOI
10.21201/2025.000078How to cite this resource
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