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Executive Insight: The New African Tax Squeeze — Why African Governments Are Now Going Hard at High-Income Individuals, And What That Means for UHNW Wealth
ATAF released continental HNWI tax guidelines on April 27 as African revenue authorities scale up dedicated wealth-tax enforcement. Oxfam estimates the policy could raise $66 billion annually.
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BULAWAYO, Zimbabwe – African countries are looking at ways to tax high-income people, at a time when the continent is looking to expand its tax revenue in the midst of what, according to experts, is a widening gap between rich and poor. According to Oxfam, “the 5th [...]