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Malta’s social reform — Helping 22.000 people out of poverty by 2015

Facts about pover­ty in Mal­ta 13.000 chil­dren live in fam­i­lies with a year­ly income of only €6,500. These fig­ures are alarm­ing, and the gov­ern­ment has now tak­en up the cause to make it their goal to fight this pover­ty. The goal is to reduce the num­ber of peo­ple liv­ing in pover­ty by 22,000 by the...

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€100 million revenue: passport business in Malta meets higher demands than expected

Mal­ta offers for­eign investors the pos­si­bil­i­ty to pur­chase the cit­i­zen­ship, and even though the coun­try gained a lot of cri­tique for this mea­sure in the begin­ning of the year, crit­ics have gone qui­eter now. So far, over 100 peo­ple have tak­en up the offer of the so called “Gold­en Pass­port”. They now have unre­strict­ed access...

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Malta facilitates Shariah-compliant investments

Mal­ta is becom­ing more and more impor­tant as a place for Islam­ic finance, with annu­al growth rates of 15–20%, and expect­ed rev­enues of $2 bil­lion in 2014. What makes this island nation so inter­est­ing for Shari­ah-com­pli­ant cap­i­tal invest­ment are a strong and flex­i­ble frame­work, and com­pre­hen­sive dou­ble tax treaties. Mal­ta also ben­e­fits from a geo­graph­i­cal­ly...

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Stop the abuse of offshore companies: No tax evasion

I am reg­u­lar­ly fol­low­ing dis­cus­sions about off­shore com­pa­nies in Inter­net forums and at con­fer­ences. Exam­ples giv­en are usu­al­ly promi­nent mem­bers of soci­ety or oth­er pub­lic fig­ures who have escaped tax­a­tion through a let­ter-box com­pa­ny in for exam­ple Pana­ma. And they man­age to do so even though their entire busi­ness activ­i­ty is car­ried out in their...