Tag: Edward Scicluna
Minister for Finance Edward Scicluna will be resigning from his position, and stepping down from Parliament, in order to become Governor of the Central Bank of Malta.
Lawyers, notaries and accountants who act as company service providers will need to be authorised by the Malta Financial Services Authority to do so under new legislation approved by Parliament on Tuesday.
Finance Minister Edward Scicluna pledged that there would be no new taxes in the upcoming 2021 budget in spite of the Covid-19 pandemic’s impact on public finances in a public consultation exercise on Friday.
Finance Minister Edward Scicluna’s attempts to distance himself from the numerous “scandalous decisions” made by the Labour government were dashed by the ministry’s own permanent secretary, according to the Nationalist Party.
Malta has been allocated €243.6 million in loans given by the EU through the temporary Support to mitigate Unemployment Risks in an Emergency (SURE) initiative.
The Good Causes Fund has committed to providing €4.78 million in funding for various causes since the beginning of 2015, though the Covid-19 pandemic appears to have brought about a slowdown of activity.
The government has recovered more than €27.6 million in unpaid taxes to date as a result of the Swiss Leaks and Panama Papers journalistic investigations lifting the lid on secretive offshore structures used for tax evasion purposes.