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ELECTION SPECIAL €1.00 Newspaper post TUESDAY • 23 MAY 2017 • ISSUE 532 • WWW.MALTATODAY.COM.MT ELECTIONS DAYS TO GO 11 PAGE 2 former AD chairman Simon Busuttil was a Muscat announces Bannister to retire after Busuttil said he would fire him THE chairman of the Malta Finan- cial Services Authority, Joe Bannis- ter, has made it clear he intends to step down by the end of the year, Prime Minister Joseph Muscat said yesterday. "Prof. Bannister approached me at the beginning of the year and told me of his intention to resign," he said. "We agreed he would stay on till the end of Malta's presidency and then start a process to leave the authority." Muscat, who was addressing a press conference at the Labour Par- ty headquarters with Stefan Zrinzo Azzopardi and Silvio Schembri on Day 22 of the election campaign, said that Bannister's resignation was not politically motivated and nor was it imposed on him. He criticized Opposition leader Si- mon Busuttil for saying he would re- place Bannister if he were to win the upcoming 3 June election, especially since chairpersons of authorities were covered by security of tenure. PAGE 5 PAGE 9 PAGE 8 Marlene Farrugia and Busuttil differ over siting of racetrack A debate held at Din l-Art Helwa's Valletta premises yesterday saw Marlene Far- rugia came out strongly against plans to build a racetrack in Malta, in con- trast to Simon Busuttil who supports a local race track. She suggested that the Mal- tese government buy land in Sicily, develop a racetrack there, and subsidize car en- thusiasts' trips to Sicily. "Partit Demokratiku is dead-set against a racetrack, because our country simply cannot take it," she said. "A racetrack doesn't just take us in the direction of tak- ing up more ODZ land, but there is also the noise and pollution elements to con- sider. "However, we can build a Malta-owned racetrack in Sicily. They have loads of land to spare that we can buy relatively cheap, and then subsidize motor enthu- siasts' trips there," she said. Reacting to this PN leader Simon Busuttil said: "I real- ize that this is a strong point for Marlene, but we live in a democracy and I believe we can hammer out our dif- ferences, iron them out and reach a compromise," he said. "I am open-minded to see if a solution can be found for the relevant en- thusiasts." Prime Minister Joseph Muscat reiterated his plans to build a racetrack at Ta' Qali, but insisted that he will not accept any expres- sion of interest that includes non-motorsports related ancillary facilities. Marlene Farrugia went further and also opined that she is against hunting in spring. Simon Busuttil has said the PN is not against because it respects the out- come of the referendum to abolish spring hunting. Malta Files: PSG's Edinson Cavani saves on tax for image rights EDINSON Cavani, the biggest star of the French football championship, has two Maltese companies that collect his sponsorship income, and on which the star player is sav- ing hundreds of thousands on tax. According to documents found in the Malta Files, which have been scrutinised by the journalists of the EIC, the Uruguayan striker of Paris-Saint Germain has structures that received €1.59 million in 2015 alone, on which Cavani paid 3% of taxes, or only €48,405 – ten times less than what he would have paid in France, where the corpo- rate tax is at 33.3%. Contacted by EIC, Edinson Cavani responded by email saying he was "very shocked" at the questions, saying his income in his Maltese companies is "declared and taxed in France" and that he is "in full compliance with [his] tax obliga- tions". "In these circumstances, I will not accept that my situation becomes the object of publicity damaging my image or my reputation, which, given my celebrity, would cause me very serious prejudice," he said. Storage unit at Sant'Antnin recycling plant goes up in flames

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