Keywords: Wealth
If you possess substantial assets and are either a resident or non-resident in Spain, you may find yourself liable for the nation’s wealth tax, known as "el impuesto de patrimonio." This annual levy is assessed based on the total net value of your assets as of December 31st of the previous......
Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......
Spain's tax agency has unveiled an ambitious new plan aimed at scrutinizing individuals whose visible wealth does not align with their reported income. This initiative is part of the Spanish Tax Agency's (AEAT) Tax Control Plan for 2025, which emphasizes the investigation of taxpayers showing......
Morocco has reinforced its diplomatic leadership on the global stage during the Annual Summit of the International Forum of Sovereign Wealth Funds (IFSWF), held in Muscat from November 3 to 6. With the renewed presidency of Ithmar Capital on the Board of Directors for a second three-year term, the Kingdom......
In a remarkable financial turnaround, the wealth of the world's ten richest individuals surged by an astonishing $64 billion following Donald Trump's recent election victory. This unprecedented increase, recorded by the Bloomberg Billionaires Index, marks the largest daily gain since the index's......
Zhang Yiming ,the founder of ByteDance, the parent company of TikTok, has surged to the top of China's rich list, reflecting the immense financial success and influence of the tech industry in the region. This ascent not only highlights the growing prominence of digital platforms in shaping consumer......
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......
In a striking return to the spotlight, Donald Trump has rejoined the Bloomberg Billionaires Index for the first time since August 6, buoyed by a significant surge in the stock of his media enterprise. As of Tuesday, Trump's net worth has soared to $6.5 billion, positioning him at 481st among......
Morocco is considering the implementation of a tax on real estate wealth as a means to finance its ambitious universal social protection program, according to a recent report by the Arab Reform Initiative. The study, titled "Property Taxes: Missed Opportunities for Funding Universal Social Protection......
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