Matthew Vella in Brussels
Prime Minister Lawrence Gonzi yesterday met with European Parliament President Josep Borrell in which Malta's arguments for it be an Objective One country were put forward.
Gonzi yesterday also described l-orizzont's front page article announcing Malta had already gained an informal agreement with the Commission on its Objective One status, as a case in 'superficial journalism'. According to l-orizzont, Commission insiders informed the newspaper that the outlook on Malta's chances for Objective One funding, irrespective of the statistical effect, were in fact positive...
An economist and a banker who preferred not to be named said a so-called ‘windfall’ tax on bank profits should be considered given the high profit margins being achieved at a time when 90 percent of people in Malta are suffering economically...
By Julian Manduca
GRTU’s Secretary General Vince Farrugia told The Malta Financial and Business Times that its members were advised against paying VAT penalties, and told to lodge an appeal.
Asked by this newspaper whether the GRTU had received any complaints about the recently announced government concessions on VAT penalties from businesses that regularly paid their VAT and fines, Farrugia said “no” and surmised: “this is probably because our members have always acted on our advice against paying the penalties. We always told them to pay the VAT due, but to appeal against the penalties.”
By Karl Schembri
Parliamentary Secretary Tonio Fenech said government’s calculations behind the measure to reduce public holidays were done by economists “lectured by Professor Edward Scicluna”.
Reacting to the economics professor’s harsh criticism at government’s economic calculations reported in The Malta Financial and Business Times last week, Fenech said they tallied with Prof. Sicluna’s own estimates and therefore he could not understand his criticism...
Finance Ministry Parliamentary Secretary Tonio Fenech speaks at the Malta Institute of Taxation’s recent 10th Anniversary and lauds the Institute for being more than a mere debating society and for establishing its place in the fabric of Malta’s public and financial administration...