GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Closing: The Casablanca Stock Exchange on the rise

The Casablanca Stock Exchange closed Thursday's session up, driven by the good performance of large caps, in particular Itissalat Al-Maghrib (+ 0.42%), Attijariwafa Bank (+ 0.54%), BCP (+0, 25%), LafargeHolcim Maroc (+ 0.86%) and Bank Of Africa (+ 0.71%).

Closing: The Casablanca Stock Exchange on the rise

At the end of this day, the Masi, a global index made up of all equity-type securities, gained 0.19% to 10,280.98 points, and the Madex, a compact index made up of stocks quoted on a continuous basis, gained 0.20 % at 8,351.88 points.

On the international side, the FTSE CSE Morocco 15 grabbed 0.04% to 9,129.81 points and the FTSE Morocco All-Liquid advanced 0.21% to 8,815.79 points.

The Environment, Social and Governance (ESG) "Casablanca ESG 10" benchmark index appreciated 0.23% to 769.22 points.

On the sectoral level, 8 sectors of the Casablanca square ended in positive territory, while 11 ended this day in the red. Leading the winners, the "transport" index advanced 3.64%, ahead of the "Transport services" sectors with + 0.53% and "Banks" (+ 0.44%).

Also on the rise, the “Telecommunications” sector index, boosted by its single title Itissalat All-Maghrib, posted a gain of 0.42%, that of “Building and construction materials” gained 0.34%, so that the sector of “Holding Companies” took 0.15%.

On the other hand, the “chemicals” sector lost 1.80%, ie the biggest drop of the day, followed by that of “Leisure and Hotels” (-1.76%), of “Electricity” (- 1.7%) and “Engineering and Industrial Equipment” (-1.52%). In the process, the overall volume of securities trading reached more than MAD 92.31 million (MDH), of which MAD 53.6 million was made on the central market (Shares) and MAD 38.72 million on the Block market (Bonds ). For its part, the market capitalization amounted to nearly 530.68 billion dirhams (MMDH).

The largest increases were made by CTM (+ 3.84% to 676 DH), SMI (+ 3.51% to 1.800 DH), CIH (+ 3.20% to 258 DH), Delattre Levivier Maroc (+1 , 97% at 16.05 DH) and Stokvis North Africa (+ 1.04% at 9.75 DH).

The largest decreases were recorded by Stroc Industrie (-3.92% to 13.25 DH), Managem (-3.85% to 769.20 DH), Colorado (-3.62% to 51.85 DH) , Sonasid (-3.20% at 212 DH) and CDM (-2.58% at 415 DH).