On the decline since Panama Papers, Malta punished for dirty money reputation

The Financial Action Task Force, an intergovernmental body that investigates, and makes recommendations for anti-money laundering initiatives, added Malta, along with Haiti, the Philippines and South Sudan to its list of countries deemed to have insufficient protections against dirty money. These four countries joined 19 other jurisdictions on the watchdog’s grey list, which includes Syria, Myanmar and Panama.

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The inclusion of Malta on the list as a jurisdiction “under increased monitoring” will likely make it harder for the small country to attract international banking and investment. 

Daphne murder: 17 Black owner Yorgen Fenech arrested

17 Black was identified in a leaked e-mail as one of two sources of income for the Panama companies Hearnville and Tillgate, which were set up by Office of the Prime Minister consultants Nexia BT for Minister Konrad Mizzi and the Prime Minister's chief of staff Keith Schembri.

Seven EU Countries Labeled ‘Tax Havens’ in Parliament Report

The MEPs found that seven of the EU’s 28 member states — Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and The Netherlands — “display traits of a tax haven and facilitate aggressive tax planning.”

Following increased pressure by the Finnish Government for Portugal to ratify the revised treaty between the two countries, on April 30, 2018 the Finnish Parliament voted in favor of denouncing the Portugal-Finland tax treaty signed on April 27, 1970 (the Old Treaty). As a result the Old Treaty will be terminated effective as of January 1, 2019, in accordance with article 30.º of that treaty. If Portugal does not ratify the revised treaty by December 1, 2018, Finnish domestic legislation will apply, and private sector pensions sourced in Finland and paid to Portuguese residents will be subject to tax in Finland from January 1, 2019.

Malta ultrapassou Portugal

Percentagem do PIB em relação à média europeia:

Luxemburgo: 266,6%

Irlanda: 150,4%

Espanha: 105,5%

Grécia: 94,9%

Chipre: 90,8%

Malta: 77,4%

Portugal: 76,2% *

Dados Eurostat de 2007

* 2006: 76,4% / 2005: 76,9%

(Fonte: Meia Hora, 12 Dezembro)

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