The G7’s Global Minimum Corporate Tax Rate: A Good Deal for the African Continent?

September 2021

Briefing: The G7’s announcement, in June 2021, of a new deal to tax multinational corporations was met with a combination of enthusiasm and scepticism. In the face of the Covid-19 pandemic, governments around the world are facing falling revenues combined with increased spending demands, and none more so than across the African continent where a debt crisis also looms. As such, interest has grown about the potential of the G7’s tax proposal to help raise much-needed government resources.

This paper seeks to assess the G7’s tax proposal and its potential impacts on African countries, including its likely consequences for women’s rights. It concludes that the benefits for the continent will be sparse and suggests recommendations for alternative action.