Recent decades have seen a downward trend in corporate taxation. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s, with the advanced economy average dipping to 22% in 2015. Investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis,...
Given its traditional dependence on energy imports, and agricultural volatility’s significant impact on economic performance, Morocco has witnessed long periods of fiscal imbalances. This is set to change, however, as structural improvements to the economy, coupled with a reduction in international oil prices, have helped the authorities...
Galvanising the competitiveness of Moroccan firms is an important component of modernising the economy and boosting job creation. While there have been improvements, the adoption of innovation programmes and the establishment of a viable support system for entrepreneurs and start-ups have lagged, in part due to the regulatory environment.
With an emphasis on diversifying its commercial partners, Morocco’s African strategy has sought to raise the kingdom’s political and economic profile, and extending its clout across the continent. Over the past decade, Moroccan investments in several African countries have been channelled towards financial services, industrial production and...
While the results of the latest OBG Business Barometer: Morocco CEO Survey, conducted between March and October 2017, underscore chief executives’ continued optimism surrounding business conditions in the kingdom, they also highlight key policy areas in need of further improvement. Although it is on the right path, with GDP growth projected to...
A large part of Morocco’s ability to post stable growth rates over the past several years has been its capacity to attract foreign direct investment (FDI). An influx of investment has translated into new industrial developments, telecommunications expansion, tourism projects, energy production and infrastructure builds. Although the amount of...
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