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National Reform Programme – Towards Budget 2015 – Videoblog 42
In his weekly video blog, Finance Minister Prof. Edward Scicluna discusses the upcoming 2015 Budget and some of the more important dates along its preparation calendar. Prof. Scicluna explains that in the run up to the 2015 Budget, the Maltese Government is required to submit to the European Commission two documents which represent the core…
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Minister Scicluna In Washington For 2014 Spring IMF/WB Meetings – Videoblog 41
Finance Minister Prof. Edward Scicluna attended high level meetings in Washington with international financial institutions to discuss the country’s economic outlook, and the crucial economic reforms currently underway. Prof Scicluna was attending the 2014 International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings along with other Finance Ministers from the 188 countries…
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2014 International Monetary Fund and World Bank Group Spring Meetings
Finance Minister Prof. Edward Scicluna attended high level meetings in Washington with international financial institutions to discuss the country’s economic outlook, and the crucial economic reforms currently underway. Prof Scicluna was attending the 2014 International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings along with other Finance Ministers from the 188 countries…
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By obstructing amendments to close tax loopholes the Opposition is defending tax evasion
“Tonio Fenech’s obstruction to amendments intended to close tax loopholes are tantamount to condoning tax evasion,” said the Minister for Finance Prof. Edward Scicluna in reference to the position adopted by the Opposition during the committee stage of the parliamentary debate on the Budget Measures Implementation Bill. During the debate, Prof. Scicluna presented amendments intended…
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Isolating the risks of banking activities – Videoblog 40
Finance Minister Prof. Edward Scicluna explains that the financial crisis had far reaching consequences that are still being addressed to this day by European countries through discussions and joint action by EU Finance Ministers in the ECOFIN. Prof. Scicluna referred to his participation during a two-day meeting held on the 1st and 2nd April 2014…
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Courtesy Visit from Gibraltar Minister for Financial Services and Gaming Albert Isola
Finance Minister Prof. Edward Scicluna received a courtesy visit from Albert Isola, Minister for Financial Services and Gaming of Gibraltar, on Monday 7th April, 2014 The two ministers discussed matters of mutual interest to both countries. Among the issues discussed were Malta’s experiences as a full member of the European Union for the past ten years, as well…
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Tariffs Reduction Will Boost Gross Domestic Product by 0.5%
The reduction in electricity and water tariffs introduced on 31st March 2014 will increase consumption by €42 million and boost the gross domestic product by 0.5%. Furthermore lower income families will benefit from a higher percentage of savings than higher income families, the Minister for Finance Prof. Edward Scicluna said. Prof. Scicluna was speaking during a…
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Finance Minister pays tribute to Chinese engineers who lost their lives during construction of Dock 6
Finance Minister Prof. Edward Scicluna attended a wreath laying ceremony at the Addolorata Cemetery on Saturday 5th April 2014 in remembrance of two Chinese engineers who lost their lives during the construction of the No. 6 Dry Dock in Malta in 1979. The ceremony is an annual event organised by the Chinese Embassy on Chinese…
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The man who holds the purse strings
Dividends are still going to be taxed at 35 per cent for those who benefit from the earned income tax reduction to 32, 29 and then 25 per cent. It was suggested that dividends paid from reserves set aside prior to basis year 2012 will be taxed at 35 per cent, but that as from…
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Engaging with the Commission on the basis of competence – Videoblog 39
Finance Minister Prof. Edward Scicluna explains the working relationship that exists between the Finance Ministry and the European Commission. He explains that Malta’s Finance Ministry is no different from other finance ministries across all 28 European Member States, and that like them, the Maltese Finance Ministry continuously works closely with the Commission. Prof. Scicluna…