Progressive Rhetoric, Regressive Reality: The IMF's Tax Advice to 125 Countries, 2022–2024

The International Monetary Fund (IMF) has faced scrutiny over the alignment between its public rhetoric and actual policy advice vis‐à‐vis progressive taxation. This article analyzes the IMF's tax recommendations to 125 countries between 2022 and 2024, drawing on a novel dataset of 1049 tax reform proposals extracted from Article IV surveillance reports. While the IMF has publicly endorsed progressive taxation to reduce inequality and support fiscal sustainability, our findings reveal a disconnect between these statements and on‐the‐ground advice. High‐income countries were more likely to receive progressive tax guidance, whereas low‐ and middle‐income countries were disproportionately advised to implement regressive measures, such as increases in value‐added taxes and environmental taxes. Progressive tools like wealth and capital gains taxes were rarely recommended, and when they were, advice was concentrated in high‐income contexts. This pattern suggests that IMF tax policy advice continues to reflect orthodox priorities, emphasizing revenue mobilization over equity, and thereby undermining the Fund's professed commitment to inclusive economic policies.