Tag: Malta economy
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The race to zero taxes
Maltese politics is going through a very interesting process where the rival main political parties keep competing each other by increasing their promises or measures on tax reductions. These tax reductions, which started by the Labour government mostly on low-income earners, are now also a main policy point of the Nationalist Party which is also…
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Clyde Caruana admits that the party is over
Global economic growth forecasts are being revised down yet Minister of Finance Clyde Caruana still thinks that he will be able to pay the ever-growing public spending bill with revenues from a bigger economy, only he is not so sure of this so he is beginning a cost-cutting exercise over all government entities. Malta’s government…
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Some notes on economic risks
Two years in government and Robert Abela has nothing to show for his legacy except rampant rent-seeking (the latest case is the 31 million lease for government offices in ?ejtun), the yacht-marina in Marsascala, the car race-track in the prime industrial estate of ?al Far, and a rule of law still in tatters. There is…