Maximizing tax benefits is a crucial aspect of financial planning, particularly for individuals with assets or income from abroad. When it comes to navigating the complex world of taxes, especially for expats, having a tax advisor is essential. In Malta, where residency schemes with tax incentives and a straightforward tax system exist, the role of…
Small countries like Malta face unique challenges when it comes to maintaining a stable and sustainable tax system. Tax avoidance schemes by multinational corporations have become a major obstacle in Malta’s efforts to collect the revenue it needs, resulting in significant losses in revenue and a negative impact on the economy, including a recession. This article examines the impact of tax avoidance on Malta, compares it to other small countries facing similar challenges such as Cyprus and Luxembourg, and explores efforts by the EU and the Maltese government to address the issue. Strong international cooperation is needed to effectively combat tax avoidance, and it is up to governments, businesses, and individuals to ensure that multinational corporations are held accountable through a fair and transparent tax system.
Tal Familja Restaurant in Marsaskala, Malta is a vibrant destination for anyone looking to experience the unique flavors of the Mediterranean. A culinary mosaic of Maltese, Italian, and fish-based cuisine, Tal Familja serves up fresh seafood, steaks, and other dishes for a price range of €25-€39. Customers can enjoy a range of delicacies including oysters,…
Situated in the heart of Malta, Palazzo Preca is a historic gem of exquisite cuisine. Its high-vaulted stone ceilings, ornate chandeliers, and traditional Maltese patterned tiled flooring transport visitors to a world of elegance and sophistication. From the moment guests enter, they are immersed in a captivating atmosphere full of culture and heritage. Palazzo Preca…
In the realm of urban transformation, the evolution of Strait Street in Valletta, Malta, stands as a captivating tale of intrigue and metamorphosis. Once a notorious red light district, this historical street has shed its scandalous past to emerge as a vibrant hub of artistic and cultural renaissance. Fondazzjoni Temi Zammit, with its unwavering dedication,…
In the enchanting Mediterranean island of Malta, a world of investment opportunities awaits in its Special Designated Areas (SDAs). These exclusive zones have captivated the attention of foreign nationals seeking to unlock the potential of Malta’s property market. With a favorable climate, relaxed lifestyle, and EU membership, Malta has become a coveted destination for those…
In the vibrant Mediterranean island of Malta, opportunities abound for individuals seeking employment, self-employment, or remote work. With its favorable tax legislation and diverse industries, Malta has become an attractive destination for expats and digital nomads alike. As the saying goes, "The world is your oyster," and in Malta, this sentiment rings true. EU citizens…
In today’s unpredictable world, protecting our homes and belongings from unforeseen events is essential. Home insurance in Malta provides the necessary safeguards against theft, fires, floods, and other disasters, ensuring peace of mind for homeowners. Whether you are an expat or a non-native, understanding the intricacies of insurance policies and obtaining a fair price can…
It is easy to be skeptical of the claims that a staircase can captivate a nation. However, the Istituto Tecnico building in Santa Venera houses a one-of-a-kind staircase that has undeniably charmed Malta and Gozo. Built in 1903 by Marquis Vincenzo Bugeja, the staircase was hand painted by Paul Galea and features art nouveau style…
In the Mediterranean island nation of Malta, a rich tapestry of languages weaves together to form a vibrant and diverse multilingual culture. Unlocking the linguistic treasure trove of this archipelago reveals a world where English, Maltese, and more coexist harmoniously. Like a key that opens doors to new experiences, learning about the languages spoken in…
