By Africa.com | Created at 2024-12-21 07:31:32 | Updated at 2024-12-30 17:59:09
1 week ago
While this debate is most prominent in the developed world, it resonates deeply across Africa, where disparities between the rich and the poor are glaring, and the need for equitable revenue generation is urgent. Some studies highlight that weak taxation on the wealthy not only reduces government revenue but also undermines public trust in the tax system and the social contract. As of January, Seven of Africa’s richest men hold a collective wealth of $52 billion, exceeding that of the 700 million people constituting the poorest half of the continent’s population.
