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ECOFIN reaches Anti-tax Avoidance Agreement (ATADII)
An agreement on Anti-Tax Avoidance (ATAD II) with regard to hybrid mismatches with third countries was reached today at the ECOFIN Council in Brussels. This agreement, just seven weeks into the Presidency, is a testament to Malta’s unwavering commitment in fighting tax avoidance. Any allegations by the Opposition party that Malta might have had a vested interest in dragging its feet on…
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Financial Services Gozo Foundation launched
The Financial Services Gozo Foundation was launched following a collaborative agreement between the Ministry for Gozo and the Ministry for Finance, and the private sector. Its role is to promote Gozo as a destination for the setting-up of businesses within the financial services sector. The aim of the Foundation is to coordinate closely with…
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Government expenditure on stipends increases by over €3.3million over the last four years
The Government increased its investment in the stipend system by over €3.3 million when compared to the amount spent in 2012, with total expenditure for 2016 amounting to €25.8 million. This was stated by Minister for Finance Edward Scicluna and Minister for Education and Employment Evarist Bartolo at the Malta Stock Exchange (MSE) as they…
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The EU expects economic activity to remain robust
The Ministry for Finance welcomes the latest winter forecast published by the European Commission which expects economic activity in Malta to remain robust, well above the European Union average. Furthermore, the economic expansion is forecast to continue at a broadly unchanged pace in 2017 and 2018. Growth is expected to be more self-sustaining…
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Europe has left crisis firmly behind it – Minister Edward Scicluna
Minister for Finance, Prof. Edward Scicluna stated that in spite of the media’s attempt at portraying the Euro as if it were in perpetual crisis, the Euro’s real crisis is firmly behind it. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE Speaking at the European Parliament during an inter-parliamentary conference on Stability, Economic Coordination…
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Finance Minister Edward Scicluna addresses the IMF/World Bank constituency meeting in Rome
Minister for Finance Edward Scicluna has joined other Finance Ministers and Central Bank Governors hailing from Italy, Greece, Portugal, San Marino, Albania, and East Timor, in a discussion within the joint International Monetary Fund (IMF) and World Bank Constituency Meeting in Rome. PRESS RELEASE BY THE MINISTRY FOR FINANCE The meeting hosted by the…
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‘Government Savings Bond’ għall-pensjonanti
Il-Government Savings Bond għall-pensjonanti mistenni jinħareġ fil-bidu tat-tieni parti ta’ din is-sena wara li jsiru l-arranġamenti leġiżlattivi meħtieġa sabiex il-Gvern ikun jista’ joħroġ dan it-tip ta’ bond. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Persuni li twieldu matul is-sena 1955 jew qabel se jkunu eliġibbli biex jinvestu f’dan is-savings bond. Ir-rata ta’ mgħax se tkun fissa u l-investiment se…
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MONEYVAL is a periodic and regular review
An evaluation of Malta’s financial regulations conducted on a regular basis since 2003 has been portrayed by a front page story on The Malta Independent as if it were something out of the ordinary. PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE The article, entitled “PANA Committee not the only ones [sic] to…
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Meeting with Pascal Saint-Amans
Minister for Finance Edward Scicluna met Pascal Saint-Amans – Director, Centre for Tax Policy and Administration at the Organisation for Economic Co-operation and Development (OECD) who was visiting Malta for informal talks on prevailing tax issues which are currently of international interest. DOI – PRESS PHOTOS In particular, talks centred around the international tax environment as well…
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Global Financial Services Leadership of Ernst & Young at the Ministry for Finance
Minister for Finance Edward Scicluna received the Global Financial Services Leadership of Ernst & Young at the Ministry for Finance yesterdayafternoon. Present for this meeting were Mr. David Barker, Managing Partner of EY’s EMEIA FS Transaction Advisory Service, Mr. Ajay Rawai who specialises in advising Governments, Central Banks, banks and investors on the restructuring of banks and…