Tax-News Malta Review 2010-2011

Online, November 2, 2010 (Newswire.com) - Tax-News.com, a Lowtax Network Publication, has published the latest in its Jurisdiction Review publication series, featuring Malta. Malta represented a natural choice for a Tax-News.com analysis, due to the attractive tax system that the jurisdiction boasts, its EU membership, healthy shipping industry and advanced IT and telecommunications.

Commenting on the benefits for businesses offered by Malta, Tax-News.com EU Editor, Lorys Charalambous observed that:

"Malta, like Cyprus, has been obliged to dismantle its old 'offshore' companies regime as a trade-off for membership of the European Union, but this change has by no means been detrimental to the Maltese business environment, and the jurisdiction remains one of the most favourable places in the EU to locate an international holding company."

"With its location in the heart of the Mediterranean Sea, a centuries old maritime tradition and a respected and favourable regulatory and tax regime for shipping, it is no surprise that Malta has developed one of the world's largest ship registers in modern times, and in the face of stiff competition from other prominent maritime nations."

"Malta's economic policy encourages information technology operations, and the territory has invested heavily in state-of-the-art telecommunications. In 2008 a report by the European Commission recognised the jurisdiction as 'well advanced in information society, with many benchmarking indicators significantly above the EU average.'"

You can read the Tax-News.com Malta Review 2010-2011 digital edition at http://www.tax-news.com/malta/malta_review_2010.asp, free of charge. A hard-copy release is expected on 24th November.

Tax-News.com, a Lowtax Network Publication, has maintained an online presence for over ten years, and boasts some of the highest traffic in its sector.

All enquiries, including Malta Review sponsorship, advertising or contribution requests should be addressed to: Pete Mahoney, [email protected], +44 (0)1424 205 425.