African Tax Leaders Meet to Tackle Effective Taxation of the Wealthy
The taxation of the wealthy is a key challenge for tax professionals and policymakers worldwide, including in Africa.
According to the Institute of Development Studies, the taxation of high-net-worth individuals (HNWIs) is a pressing issue, as governments face rising debt, climate change mitigation costs, and cuts to foreign aid.
Ensuring fairness and credibility in tax systems while increasing domestic revenues is crucial, with a focus on the wealthiest citizens becoming an economic and political priority in Africa.
The taxation of high-net-worth individuals (HNWIs) represents one of the key challenges for tax professionals and policymakers across the world, including in Africa.
African tax leaders are meeting in Uganda to address this challenge and shape future priorities.
Author's summary: African tax leaders discuss taxation of the wealthy.