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Taxation: criteria for consideration – Videoblog 9
In his weekly videoblog Finance Minister Prof Edward Scicluna discusses various aspects related to taxation. Besides being an obvious source of revenue generation for governments, He illustrates how progressive taxation is designed to levy taxes at higher rates on high income earners to in order to achieve a more equitable distribution of after…
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Government welcomes Standard and Poor’s decision to affirm Malta’s stable credit rating
Credit agency Standard & Poor’s notes that the new Government is progressing with a wide-ranging reform programme to tackle issues – some of which have been persisting for a number of years – such as the energy sector which is being addressed through a clear plan which has been long overdue. The agency says that,…
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Online filing by individual Taxpayers will be boosted next year
The Hon. Edward Scicluna, Minister for Finance said that the current rate of online filing by individual taxpayers will be boosted next year by a carefully laid out plan which requires improvements in the way online filing software responds to budgetary changes. Prof. Scicluna was speaking during a visit to the Inland Revenue Department (IRD),…
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Finance Minister welcomes IMF Report
The Hon. Edward Scicluna, Minister for Finance welcomed the International Monetary Fund (IMF) Executive Board’s conclusions on Malta’s Country Report as further confirmation that the new Government’s policies are taking the country in the right direction. “I am especially pleased to note that the IMF’s Executive Directors have reconfirmed the resilience of our economy, underpinned…
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Il-Gvern determinat li jilħaq il-miri finanzjarji – Sibt il-Punt – ONE radio
Il-gvern huwa determinat li jilħaq il-miri finanzjarji u ekonomiċi biex jassigura li pajjiżna jibqa’ jgawdi minn stabbilita’ finanzjarja u tkabbir ekonomiku. Filwaqt li l-gvern irid jindirizza l-problemi li wiret, fl-istess nifs irid jieħu inizzjattivi ġodda biex jassigura sistema finanzjarja soda u fl-istess ħin ġusta. Qal dan il-Ministru tal-Finanzi Edward Scicluna waqt il-programm Sibt-il…
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“Malta welcomes enhanced monitoring and assessment of member states’ budgetary plans”
Attending an ECOFIN Council meeting in Brussels on 9th July, Finance Minister Prof. Edward Scicluna welcomed a joint decision by European Finance Ministers to endorse a code of conduct that will afford enhanced monitoring and assessment of draft budgetary plans of Euro Area Member States. (Left to Right) Maltese Minister for Finance Prof. Edward Scicluna, Romanian…
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Safeguarding Financial Stability – Videoblog 8
In his weekly video blog, Finance Minister Prof. Edward Scicluna talks about the effect of a financial instability in an economy and how it could lead to devastating financial losses across all levels of society – including families and pensioners. He explains that despite European member states’ existing regulatory frameworks, the EU was not…
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Prime Minister Joseph Muscat and Finance Minister Prof. Edward Scicluna visit Malta Financial Services Authority
Prime Minister Joseph Muscat emphasised that the new Government will be approaching the financial services sector with continuity that safeguards stability while exploring ways to branch out into new markets. Dr. Muscat was speaking during a visit at the Malta Financial Services Authority (MFSA) with Finance Minister Prof. Edward Scicluna, during which they both…
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A courtesy visit from the Australian High Commissioner
Finance Minister Prof. Edward Scicluna received a courtesy visit from H.E. Australian High Commissioner Ms Jane Elisabeth Lambert, on Wednesday 3rd July, 2013. The meeting chiefly touched upon issues of mutual interest to Malta and Australia, and the parallels between the two countries, in so far as both countries weathered the ongoing global economic…
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“Customs Department crucial for maintaining delicate balance between Customs Controls and Facilitation of Legitimate Trade”
Finance Minister Prof. Edward Scicluna underlined the importance of the Customs Department’s function of maintaining the balance between enforcement and the facilitation of the flow of trade into and out of Malta. “The role of the Customs Department remains as crucial as ever,” Prof. Scicluna said. “It is responsible for maintaining the delicate balance between…