Tax Evasion Costs Morocco Over $521 Million Per Year ...Morocco

Rabat – Morocco loses $521,534,833 per year to tax evasion, according to the Global Alliance for Tax Justice. The NGO’s2020 reporton global tax evasion specifies that of this sum, Morocco loses $69,923,248 to offshore tax evasion. With offshore wealth amounting to only $3.7 billion, Morocco accounts for 0.0% of global offshore wealth. Its offshore wealth represents 3.1% of GDP. Revenue loss from untaxed offshore wealth, however, amounts to $69.9 million.Morocco also loses $451,611,585 per year to corporate tax evasion, giving the country the eighth-highest corporate tax loss in Africa. The African country with the highest losses from corporate tax evasion is Nigeria, losing $10.57 billion pe

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