2017-12-11 14:51:00

Meanwhile in Malta -- local impact of Paradise Papers 

As experts suggest that Malta's position in the global offshore architecture requires joint EU action, the government denies any manipulation and claims that, unlike in Panama, the system in Malta is perfectly transparent.

Daiva Repeckaite
Daiva Repeckaite NewsMavens, Malta
Meanwhile in Malta -- local impact of Paradise Papers  - NewsMavens

Why this story matters:

The Paradise Papers scandal recently revealed that celebrities like Bono and Shakira used Maltese companies to crop their tax rates. Yet Malta has more on its plate right now, with government critics losing hope and calling on the EU to come to the rescue

Since the murder of Daphne Caruana Galizia, there have been numerous protests for the government to intervene and dismiss officials accused of inaction.

In Malta's strongly polarized political system, however, there is distrust in political activism and the protesters are accused of partisanship.

The European Parliament recently adopted a resolution on the rule of law in Malta, criticizing the lack of cooperation from authorities. While Maltese politicians were implicated in the previous leak, the Panama Papers, for holding offshore accounts, the current leak shows that politicians and celebrities use Malta itself as an offshore. The government denies any manipulation and claims that, unlike in Panama, the system in Malta is perfectly transparent.

As experts suggest that Malta's position in the global offshore architecture requires joint EU action, many ordinary citizens feel confused and unclear about the mechanics of off shore tax evasion. Discover their viewpoint in the article below.

Details from the story:

  • Despite unprecedented mobilization following the murder of Daphne Caruana Galizia, internal debates got trapped in Malta's political bipartisanship.
  • There are increasing calls for the EU to take action against Malta -- at the European Parliament as well as in activist and editorial circles.
  • Ordinary voters interviewed admit being concerned with the revelations, but the boundary of illegality in offshore dealings is difficult to understand.
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