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Foreign Policy

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Lynsey Chutel, Alexandra Wrage, Michelle D. Gavin, Amy Mackinnon, Lynsey Chutel, Alexandra Wrage, Michelle D. Gavin, Amy Mackinnon

U.S. Tax Policy Can Help Africa’s Fight Against Illicit Financial Flows

Members of Congress of South African Trade Unions march to the National Treasury during their strike against corruption and unemployment in Pretoria on Oct. 7, 2020. by PHILL MAGAKOE/AFP via Getty Images

May 17, 2021, 5:49 AM

As a U.S. presidential candidate, Joe Biden declared that he would “lead efforts internationally to bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies.” Perhaps nowhere will his intervention be more welcome than in Africa.

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