Comments Welcome Malta the 'Panama' of Europe

[dunover]

It appears the island is attracting a sizeable criminal element due to easy tax avoidance, easy business registration and money laundering....

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[KasinoKing]

It appears the island is attracting a sizeable criminal element due to easy tax avoidance, easy business registration and money laundering....

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Ah! THAT explains why so many casinos are based there!

KK

 

[lotusch]

Very interesting article and very recognisable.


Basicly a copy of what is happening in Ireland with big companies like Apple.
They actually owe us a couple of billion I believe but our own government is trying everything in the book to not make them pay that money as they are shitting themselves they will leave Ireland.

Healthcare and infrastructure are still from the 60's here and the country is up it's arse but they refuse to claim the monies.


Welcome to the Banarepublic of Enda the Pretenda and his goons!

Anyway, no surprise why so many casino's like to operate from Malta.

 

[Playford7]

Ah! THAT explains why so many casinos are based there!

KK

Haha brilliant!
Totally hit the nail on the head there!.

 

[The Dude]

I read the article and it's pretty flaky. Not much substance and makes a number of sensationalized comments.

Obviously, the MGA works and for once we have properly licensed casinos in the EU. They can handle player issues, and the casinos operating out of there are on average pretty well vetted. So international businesses are taxed 3%? That's their sovereign right to do so. I wish I was paying only 3% tax.

You do realize that if the casinos that you so happily play were to be taxed 35-45% it would kill the business - you'd probably never see another bonus again.

To compare Malta to Panama is a joke. People doing so have probably never set foot in either country. The article should have been named "Malta: 3% taxes for International Businesses and the EU doesn't like it."

Ah! THAT explains why so many casinos are based there!

KK

Well, duh. Low taxes, it's in the EU, it's legal, and it's properly vetted. Where else are you going to go?

 

[spoton]

Obviously, the MGA works and for once we have properly licensed casinos in the EU. They can handle player issues, and the casinos operating out of there are on average pretty well vetted. So international businesses are taxed 3%? That's their sovereign right to do so. I wish I was paying only 3% tax.

You do realize that if the casinos that you so happily play were to be taxed 35-45% it would kill the business - you'd probably never see another bonus again.

To compare Malta to Panama is a joke. People doing so have probably never set foot in either country. The article should have been named "Malta: 3% taxes for International Businesses and the EU doesn't like it."

If the casinos wouldn't manage a regular tax rate like in so many other countries, then they aren't really run very well. It is a shame that they hide away in Malta paying almost no tax, when they are being financed by players from other countries, some of them developing gambling problems which again their respective countries will end up financing.

 

[The Dude]

Ah! THAT explains why so many casinos are based there!

KK

Happy Birthday BTW

 

[The Dude]

If the casinos wouldn't manage a regular tax rate like in so many other countries, then they aren't really run very well. It is a shame that they hide away in Malta paying almost no tax, when they are being financed by players from other countries, some of them developing gambling problems which again their respective countries will end up financing.

Yeah but, they aren't really hiding there. Most of the casino companies listed in Malta are pretty transparent. It's in the Caribbean and other "real" offshore tax havens that you would have this sort of problem.

 

[dunover]

I read the article and it's pretty flaky. Not much substance and makes a number of sensationalized comments.

Obviously, the MGA works and for once we have properly licensed casinos in the EU. They can handle player issues, and the casinos operating out of there are on average pretty well vetted. So international businesses are taxed 3%? That's their sovereign right to do so. I wish I was paying only 3% tax.

You do realize that if the casinos that you so happily play were to be taxed 35-45% it would kill the business - you'd probably never see another bonus again.

To compare Malta to Panama is a joke. People doing so have probably never set foot in either country. The article should have been named "Malta: 3% taxes for International Businesses and the EU doesn't like it."




Well, duh. Low taxes, it's in the EU, it's legal, and it's properly vetted. Where else are you going to go?

Yeah, we understand that but I think the main concern is the lack of transparency and corruption these economic models tend to attract. You know as well as I that the parasites will all buzz to where there is an 'easy meal'. I have no objections to low taxation to bolster economies - it's what the Scottish guy who was the UK Governor of Hong Kong did in the 1960's, turning a humid swamp into a global business centre and transformed it to what we see today. But with an 'easy' regime comes responsibility. I think the article should have made more of the selling of passports to any Tom, Dick or Harry with the money and the allegations of government/administrative corruption made by the opposition. That is undoubtedly occurring and is sadly inevitable.