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Apple's Bitter Harvest: EU Court Upholds €13 Billion Tax Bill in Landmark Ruling

The European Union's General Court has dealt a significant blow to Apple's financial fortunes, dismissing the tech giant's appeal against a €13 billion tax bill. This ruling upholds the European Commission's 2016 decision, which found that Ireland had granted illegal tax benefits......

Hunter Biden Admits Guilt in Tax Evasion Case Ahead of Trial

Hunter Biden, the son of U.S. President Joe Biden, has surprised federal prosecutors by pleading guilty to all nine charges in his federal tax evasion case. This unexpected decision came just as jury selection was about to begin. Previously, Biden had consistently denied claims that he deliberately......

Harris Advocates for Tax on Unrealized Stock Gains for Ultra-Wealthy

Vice President Kamala Harris has recently endorsed a Biden administration plan that includes a tax on unrealized stock gains, sparking debate among conservative pundits and Trump supporters who argue that the proposal amounts to socialism or communism. The plan aims to impose a tax on stock holdings......

Moroccan Families Benefit from Tax-Free School Essentials

In a significant move to alleviate financial pressures on families, the Moroccan government has announced a comprehensive Value-Added Tax (VAT) exemption on a wide array of school supplies. This initiative, spanning 36 essential items, marks a pivotal shift in the country's approach to education-related......

Kamala Harris's Economic Tightrope: Navigating Challenges as Presidential Contender

As Kamala Harris gains momentum in the United States presidential race, surpassing Republican opponent Donald Trump in polls across five crucial swing states, economic experts are raising concerns about the potential hurdles she may encounter in implementing her fiscal agenda. The year 2025 looms as......

Morocco to Ease Income Tax Burden Amid Broad Reforms

The Moroccan government is poised to implement significant income tax reforms aimed at reducing the financial burden on workers while ensuring the persistence of crucial social support programs. This announcement was made by Fouzi Lekjaa, the Minister Delegate to the Minister of Economy and Finance,......

Morocco's Fiscal Outlook: Fitch Ratings Predicts Deficit Reduction by 2026

Projected Spending Cuts and Fiscal Strategies Signal Optimism Amid Challenges Morocco is on a path to reduce its fiscal deficit over the next few years, according to a new report from Fitch Ratings. The credit rating agency forecasts that the North African nation’s fiscal deficit will decrease......

Morocco Streamlines Export Procedures with Online Issuance of Certificates of Origin for African Continental Free Trade Area

In a pioneering move set to revolutionize Morocco's trade relations with its African counterparts, the Customs and Indirect Tax Administration (ADII) has announced the digitalization of the application process for certificates of origin for Moroccan products destined for export to countries within......

Mineral Water Tax Boosts Local Government Revenues

Recent figures released by the Ministry of Interior have revealed a remarkable surge in revenues from mineral and table water sources, benefiting local authorities. Revenues soared from 170.3 million dirhams in 2022 to an astonishing 803.2 million dirhams in 2023. According to the Economic, Social and......