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PJD Rejects Fuel Tax Rise
The Justice and Development Group said its vote against raising the tax rate on fuel companies to 40 percent was prompted by the government and majority’s refusal to apply the same rate to telecommunications and cement companies. The group proposed that companies in all three sectors with annual net profits of 100 million dirhams or more be subject to the same tax, citing the Tax Reform Law and recommendations of the Competition Council. It stood by its amendment and called for it to be referred to the plenary session for discussion and a vote on the draft Finance Law.
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