Posted 2/23/2024, 1:43:00 PM
Algeria Tops Africa in Tax Burden, Ranking 17th Globally
- Algeria has the highest tax burden in Africa at 37.2%, ranking 17th globally
- Seychelles, Tunisia, Eritrea, and South Africa round out the top 5 countries in Africa with the highest tax burdens
- Morocco, Mozambique, Djibouti, Mauritius, and Lesotho also have relatively high tax burdens compared to other African countries
- Taxes enable governments to finance investments in infrastructure, services, human capital for citizens and businesses
- Creating a fair tax system that generates revenue without hampering economic activity or discouraging taxpayers is a key challenge for developing countries