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Moroccan Finance Ministry Pushes for Tobacco Price Increases Amid Stagnant Tax Revenues

Morocco’s Ministry of Economy and Finance is exerting pressure on tobacco companies to raise cigarette prices following disappointing revenue collections from the Domestic Consumption Tax (TIC) on manufactured tobacco. Sources within the ministry indicate that these tax revenues have fallen below......

Morocco’s Parliament Approves the 2025 Finance Bill in Second Reading

Morocco’s Parliament has approved the 2025 Finance Bill (PLF 2025) during its second reading. The bill secured 178 votes in favor, with 57 against and no abstentions. Several amendments were introduced and favorably received by the government, reflecting its commitment to economic and social reform. Key......

House of Councillors Approves First Part of 2025 Finance Bill

The Finance, Planning, and Economic Development Committee of the House of Councillors has officially approved the first part of the 2025 Finance Bill. This decision came after a majority vote on Monday, with the proposal passing 12 votes in favor, 2 against, and one abstention. The government responded......

Trump Announces Scott Bessent as Treasury Secretary Amid Cabinet Shakeup

U.S. President-elect Donald Trump has selected billionaire investor and hedge fund manager Scott Bessent to serve as Treasury Secretary, marking a critical appointment in shaping his economic agenda. The announcement comes during a wave of high-profile cabinet nominations following a withdrawal by Trump’s......

Trump's Return to Power: Promises and Challenges Ahead

In a decisive electoral outcome, Donald Trump has secured his return to the White House, garnering 72,652,827 votes (50.8%) against Kamala Harris's 67,941,881 votes (47.5%). With the Republican Party regaining control of the Senate, Trump is poised to advance his political agenda with considerable......

Rachel Reeves Sets the Stage for Economic Transformation

In a pivotal moment for the UK, Chancellor Rachel Reeves is poised to unveil a Budget that promises significant tax increases, substantial borrowing, and ambitious spending initiatives. This Budget is not just a financial statement; it is a declaration of intent that aims to reshape the political landscape......

Taxpayer Accounts Hacked: CRA's Failure to Protect Canadians' Data Exposed

A shocking investigation by CBC's The Fifth Estate and Radio-Canada has uncovered a massive breach of taxpayer accounts, with tens of thousands of Canadians' personal data compromised. The Canada Revenue Agency (CRA) has admitted to underreporting cyberattacks against taxpayers, with over 31,000......

Morocco's Economic Progress: Significant Gains in Global Inequality Rankings Amid Persistent Challenges

Morocco has achieved a remarkable improvement in its global inequality standings, advancing 30 positions to secure the 73rd spot among 164 nations in the 2024 Commitment to Reducing Inequality Index, according to a joint report by Oxfam and Development Finance International (DFI). The North African......

Morocco's Strategic Health Tax Reform: Balancing Public Wellness with Economic Growth

Morocco's parliament is taking bold steps toward modernizing its tax system through a comprehensive Finance Bill that targets consumable goods with significant public health implications. The proposed legislation, discussed in a recent ministerial council session led by King Mohammad VI, aims to......