Tax neutrality and its impact on the development of the participative banks: benchmark approach Morocco – Leading Countries

Abstract

Financial industry always provoked interest as well on behalf of powers public as private actors, she allows to accompany economic development and social by the encouraging and adequate financing. On the other hand, new economic order worldwide imposed on the different countries to adopt an opening politics in relation to the financial systems not conventional for which the regulatory and fiscal devices are lacking. In this configuration, the present article treats the tax impact of neutrality in relation to the participative banks as financing alternative and mode of financial partnership with the rest of the world, and in this case the Asia and Means east. Further to an approach Benchmark with leading countries and one based on Key success factors, we could disassemble this correlation who allows to sit an encouraging fiscal policy for the investors and equitable in relation to the mode of financing conventional. Tax neutrality increases the attractiveness of foreign direct investments, offers an alternative financing for both companies and individuals, encourages the establishment of participatory banks and increases trade with countries that have adopted the participatory system. The demystification of this new financing device by mass communications, to inhibit the action of lobbies, to mobilise the actors of the financial sector, to sit a real will of the state and an adoption of a neutral tax system will allow assurement an emergence of the participative banks in Morocco.