€1.50
Brussels cautions
Malta on aggressive
tax planning
PAGE 2
INTERVIEW
PAGES 10 & 11
MATTHEW VELLA
THE European Commission has asked Malta
to address features of its tax system which it
said may facilitate aggressive tax planning.
e recommendation, one of the three,
comes by way of the 2019 country-specifi c rec-
ommendations through which Brussels analy-
ses each EU country's investment needs and
bottlenecks, to prioritise the use of EU funds.
Malta's unqiue tax regime, accepted by the
Commission, has come under frequent fi re
by members of the European Parliament, es-
pecially those in favour of tax harmonisation
across the bloc.
'"Malta has taken measures against aggres-
sive tax planning, but the high level of royal-
ty and dividend payments as a percentage of
GDP suggests that Malta's tax rules are used by
companies that engage in aggressive tax plan-
ning," the EC said.
APS Bank launches
new Omni-Channel
Solution 'myAPS'
EY Malta Entrepreneur
of the Year™ Award
2019 winner David
Darmanin, founder and
CEO of Hotjar
PAGE 3 PAGE 5
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THURSDAY 6 JUNE 2019 • ISSUE 11
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MCA eyeing
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Pierre Moscovici,
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for Economic and
Financial Affairs,
Taxation and
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finance minister
Edward Scicluna
