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MessagePosté le: Jeu 26 Avr - 09:32 (2018)    Sujet du message: Todd Gurley II Jersey Répondre en citant

" VALLETTA Rob Havenstein Jersey , May 22 (Xinhua) -- Malta ought to ensure the effective supervision of internationally-oriented business by financial institutions, licensed in Malta, in cooperation with the host supervisors in the countries where they operate, the European Commission warned in a recommendation report published on Monday.

""Malta is the only EU member state utilizing the full imputation system of company taxation and it offers a refundable tax credit scheme. It has an extensive network of double taxation treaties Tyler Higbee Jersey , and it has an attractive tax residency status for individuals,"" the European Commission said in the report.

""The supervision of the internationally-oriented business, however, is challenging Cooper Kupp Jersey ,"" the Commission said.

""The financial sector carries out most of its activities outside Malta. The ability of a relatively small supervisory authority to oversee a large system, in particular in the insurance sector but also in banking, is under pressure.""

The Maltese government is under scrutiny after the publication of the Malta Files -- a series of documents published by the European Investigative Collaborations (EIC).

Over the past three months, the EIC collaborated with 13 different media outlets and over 40 journalists in 16 different countries to expose Malta's lax tax laws Jared Goff Jersey , which allow international companies to pay taxes as low as 5 percent.

While the Maltese income tax rate is among the highest in the EU at 35 percent, if a London-based business and opens a parent company on the island and most of its operations occur offshore, the Maltese Inland Revenue can refund 67 of the total tax.

For highly profitable international companies, this results in a mere 5-percent corporate tax and millions of euros for Malta.

This system -- considered a tax haven by some EU members -- has never been a secret. Maltese government officials argue that these laws were in place over a decade before the country joined the EU.

According to Maltese Prime Minister Joseph Muscat Todd Gurley II Jersey , there is nothing illegal about Malta's tax laws.

""They tried to say that there is something illegal in our financial services, when the truth is that our financial systems are the same as when we joined the European Union,"" Muscat said.

""It took months, if not years Aaron Donald Jersey , of investigation by the EU which declared that our tax regime is acceptable and is not in breach of EU rules.""Maltese Finance Minister Edward Scicluna said.

""Malta offers advantageous tax rates allowing it to compete with other countries. Even the United Kingdom is planning to reduce its 25-percent rate to 17 percent by 2020.""

""The Malta Files story is unfair and endangers the economy and jobs,"" adds Scicluna. He has even called the reports ""fake news"" specifically regarding Oleg Boyko, a Russian businessman leading the pay-day loan company 4Finance.

The files claimed that 4Finance reaped over 700-percent interest from some clients falling behind on loan repayments.

The activities of Boyko and his company are one example of many highlighted by the EIC, which has published over 150 Eric Dickerson Jersey ,000 documents -- Between 1.5 billion euros (1.69 billion U.S. dollars) and 2 billion euros is lost each year.

According to Malta Today, in 2015 nearly 4 billion euros was lost in taxes. Many EU members argue this money should have been paid in the countries in which foreign companies are predominantly based. Some question further that even if this process is legal, it makes identifying fraud cases more difficult.

For the EU, addressing money laundering Cheap Rams Hats , tax avoidance and tax havens remains a priority.

However, Maltese government officials argue that the tiny island nation state with a population of only 450,000 has no natural resources and depends on foreign companies to boost the economy and employ Maltese citizens.

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"


MANILA, Nov. 6 (Xinhua) -- The Philippine government congratulated Sunday Filipino boxing icon Senator Emmanuel "Manny" Pacquiao for defeating Jessie Vargas in a bout in Las Vegas as it likened the lawmaker's determination on the administration of President Rodrigo Duterte's seriousness to eliminate illegal drugs.

"Once again, Manny's triumph united and brought joy to our people and our nation," Presidential Communications Office Secretary Martin Andanar said in a statement.

He said the discipline, the determination, and the hard work of "our People's Champ are truly what make him a National Treasure in Global Sports."

Pacquiao regained the World Boxing Organization welterweight title via a unanimous decision from the three judges during the fight held at the Thomas and Mack Center Arena.

Aside from Pacquiao, Filipino boxer Nonito Donaire also fought in an undercard bout. But he lost to Mexican Jessie Magdaleno. However, Andanar said Donaire's defeat would not diminish the honors he bestowed to the people and to the flag.

"The courage and grit displayed by our Filipino boxers in Las Vegas are the same qualities we must demonstrate as a nation to rid society of drugs, criminality and corruption," he said.

The official said the Duterte administration has been successfully waging a war on these fronts and "we as a people - emulating our boxers' toughness against all odds - must continue the strong gains as we battle towards victory."

Statistics released by the police recently said 1,790 drug suspects have been k.


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