The taxation of the wealthy is a key challenge for tax professionals and policymakers worldwide, including in Africa.
Governments face pressure to increase domestic revenues while ensuring fairness and credibility in their tax systems, due to rising debt and climate change mitigation costs.
A focus on taxing high-net-worth individuals has become an economic and political priority, as their numbers grow in Africa.
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African tax leaders are meeting in Uganda to address this challenge.
Author's summary: Taxing the wealthy is a key challenge.