Dalli Labours tax-break
is a gimmick
Finance Minister John Dalli has hit out at Labour leader Alfred Sants
vow to introduce a two-month tax holiday to all sectors of society,
including bonuses to students, unemployed and pensioners.
Dalli has described Sants pre-election novelty "nothing but
a show of desperation Dr Sant has found himself to be in, attempting
to buy ones vote without no sense of seriousness or balance.
"Alfred Sant is trying to buy power through the peoples money",
Dalli said. The Finance Minister said the government had already reduced
the tax burden greatly in the last two years, when finding the fiscal
deficit had started being controlled. "Government added structural
and permanent increases in the supplementary allowances to those who
did not benefit from the tax reduction. This no one-off, as the Opposition
Leader is proposing."
Governments measures in these last two years resulted in a reduction
of four months tax on an income of up to Lm5,000 and up to Lm6,000,
and a reduction of three months tax on income between Lm7,000 and Lm10,000.
"This is a permanent decrease, not a two-month one-off. Moreover,
this measure will results in a complete economic stagnation, which means
wage freezes, pension decrease, removal of subsidies and reduction of
Dalli said the PN governments European integration policy would
be bringing to the country Lm81 million of funds in three years, greater
investment, more work and better wages.
"Dr Sants economical proposals create uncertainty, less business
and less profit for the self-employed, whilst Governments proposals
create certainty, stability, economic growth and more cash in hand."
Dalli also extended his criticism to Labours finance spokesperson,
again saying Dr Leo Brincats arguments reflect the general mix-up
of Labours 22 months in government.
Dalli said that in the last budget, the Government had reduced the tax
burden permanently for those earning between Lm4,500 and Lm10,000 a
"This tax break is nothing but political opportunism and a gimmick.
Leo Brincat is inventing figures, saying there are Lm400 million of