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UK introduces ‘Google Tax’ to combat tax evasion

As of April 2015, the UK intro­duced a new bud­getary mea­sure tar­get­ing com­pa­nies that have oper­a­tions in the UK, but divert­ing the prof­its off­shore. The new law stip­u­lates that these com­pa­nies will have to pay a Divert­ed Prof­its Tax (DPT) of 25%. It is expect­ed that the tax will con­tribute anoth­er £25 mil­lion to the...

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Low tax countries in Europe — Why Malta is a good choice

Sev­er­al coun­tries in Europe offer a rel­a­tive­ly low cor­po­rate tax when for­eign com­pa­nies decide to set­tle on the islands. Low tax coun­tries are usu­al­ly coun­tries that charge an effec­tive cor­po­rate tax of low­er than 25%. The low­er tax rate is not the same in every coun­try, and there are oth­er fac­tors that should influ­ence the...

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Avoiding misunderstandings when establishing a Malta ltd company

Many entre­pre­neurs who want to estab­lish a com­pa­ny abroad are often not well enough informed about the legal and fis­cal aspects that can cause prob­lems when they are dis­re­gard­ed. If you are think­ing about relo­cat­ing your com­pa­ny to anoth­er coun­try you should plan the incor­po­ra­tion thor­ough­ly with the help of legal coun­sel by your side....

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Film industry in Malta contributing 28 million euros to economy

Last year was a tru­ly amaz­ing year for the film indus­try in Mal­ta. In the sec­ond half of 2014 the indus­try gen­er­at­ed around 28 mil­lion euros for the Mal­tese econ­o­my. This 650% increase, com­pared to the same peri­od of last year, was the result of 9 major film pro­duc­tions. There is cur­rent­ly a process under­way...

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Is the Malta Limited company similar to the UK Limited company?

Com­pa­nies are get­ting more and more inter­est­ed in opti­mis­ing their com­pa­ny struc­tures in order to save tax­es. Since the recent devel­op­ments in Lux­em­bourg, Ire­land, the Nether­lands and Bel­gium, who are being inves­ti­gat­ed for tax eva­sion of large com­pa­nies, legal­ly sound solu­tions have become an impor­tant part of the estab­lish­ment of a com­pa­ny in anoth­er coun­try....

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Working in Malta — How much income tax do I have to pay?

When think­ing about relo­cat­ing to anoth­er coun­try and tak­ing up a job there, one ques­tion that peo­ple will usu­al­ly ask is how much the income tax and oth­er deduc­tions from the salary are, and how much the cost of liv­ing is. Mal­ta offers an inter­est­ing tax­a­tion on income tax, and espe­cial­ly high earn­ers can ben­e­fit...

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EU plans new rules to stop tax evasion by multinationals

A recent scan­dal involv­ing HSBC plc has sparked a new dis­cus­sion in the EU Com­mis­sion. The HSBC head­quar­ters in Switzer­land are being inves­ti­gat­ed for mon­ey laun­der­ing and alleged tax eva­sion schemes. What kicked off the inves­ti­ga­tion was a recent­ly pub­lished rev­e­la­tion about the bank claim­ing it turned a blind eye to ille­gal activ­i­ties from blood...

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Malta as a hotspot for pharmaceutical companies

Mal­ta is not only pop­u­lar with finance and iGam­ing com­pa­nies, there are many oth­er indus­tries that ben­e­fit from what the Mal­tese islands have to offer, among them many phar­ma­ceu­ti­cal com­pa­nies. Mal­ta offers a sol­id legal frame­work for com­pa­nies and many skilled work­ers for the indus­try. Mal­ta has a long his­to­ry of health care start­ing with...

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Malta as a Hotspot for finance companies

The finance indus­try is the largest sec­tor in Mal­ta and is the largest con­trib­u­tor to the gross domes­tic prod­uct. When Mal­ta joined the Euro­pean Union in 2004 there were only four hedge funds present in Mal­ta. Since then over 400 invest­ment licences had been issued by the Mal­ta Finan­cial Ser­vices Author­i­ty (MFSA), and more are...

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The movie industry in Malta — Popular film productions

The movie pro­duc­tion indus­try in Mal­ta is still a rel­a­tive­ly small, yet fast grow­ing sec­tor. Many Hol­ly­wood pro­duc­tions have already used the Mal­tese islands as a film­ing loca­tion, and these have made the island even more pop­u­lar. One of the first great block­busters filmed in Mal­ta was the movie Pop­eye. The movie required a film...