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(4 minutes read)
· Morocco’ Economic, Social and Environmental Council’s (CESE) is toying with the idea of reducing income taxes for low income workers and increasing the tax slabs on high earning individuals
· The other suggestion of CESE is to implement a universal basic income program in the country to reduce the economic vulnerability among the poorer sections of the people
Morocco’ Economic, Social and Environmental Council’s (CESE) is toying with the idea of reducing income taxes for low income workers and increasing the tax slabs on high earning individuals. The aim, according CESE, is to make the tax rate progressive and to give a measure of support to low income Moroccans and at the same time keeping the tax revenue buoyancy intact.
CESE’s suggestion comes at a time the North African country is facing health, social and economic impact on account of the Covid-19 pandemic. CESE’s suggestions also cover several other aspects and have been evolved after considerable research into the present state of the economy.
The other suggestion of CESE is to implement a universal basic income program in the country to reduce the economic vulnerability among the poorer sections of the people. The scheme also suggests measures to reduce the number of people who would consciously remain unemployed in lieu of the scheme. Therefore, it recommends that income provided by the scheme should be lower than the minimum guaranteed wage, which is below US$ 288 per month. It has also recommended launching a pilot project to study the effect of the scheme on the ground.
The other recommendations of the CESE include introducing a Unique Social Register and National Register of the Population. This would help the country to speed up its welfare measures, according to CESE.
