The critique that anti-corruption activists like Roberta Metsola and David Casa directed towards Keith Schembri’s and Konrad Mizzi’s Panama companies was neither about legitimacy nor the compromised ethics of offshore finance.
Malta’s tax regime is not a matter of competition between Maltese and foreigners. The true bone of contention here is between moneyed elites and ordinary citizens. In fact, Maltese ‘patriotism’ is a shield that protects financial interests of elites, both foreign and Maltese.
Navigating through buzzwords, confusion and hypocrisy of the 2017’s political hysteria.
Some of these must-reads will make you laugh, some will challenge your perceptions of the world and others – encourage you to question the status quo.
The 5% tax rate turns Malta into a magnet for rich people and legally enables them to pay a lot less in tax than they would be required to pay in their own countries.