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Europe Daily Bulletin No. 9159

25 March 2006
Contents Publication in full By article 28 / 33
GENERAL NEWS / (eu) eu/state aid
Commission asks Malta to end two off score tax schemes

Brussels, 24/03/2006 (Agence Europe) - The European Commission has formally requested that Malta abolish the tax regime for Maltese Companies with Foreign Income (CFI) and the International Trading Companies' (ITC) regime by the end of 2010 at the latest. Under these regimes, revenues from foreign sources paid to shareholders of an ITC or a CFI are subject to minimal or no taxation. The Commission explains in a press release that it 'intends to put a definitive end to these offshore tax...

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