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Malta Debunks 'Data Leak' Coverage

by Jason Gorringe, Lowtax.net, London
22 May, 2017

Malta's Minister for Finance, Edward Scicluna, has dismissed allegations that there has been a leak of data about 70,000 companies in Malta, many of which were reported to have been created for German taxpayers.

He described the story carried in the German and Maltese media as "fake news", saying that the island's Register of Companies, which is publicly available online, holds a much lower number of companies than stated in the media and added that Malta does not have an "offshore company register."

Scicluna also highlighted Malta's credentials as a transparent and open jurisdiction, which he said compares favorably with major European countries, including Germany.

Commenting on work being carried out during Malta's Presidency of the Economic and Financial Affairs Council of the EU (ECOFIN), Scicluna said Malta is keeping to its program priorities, having succeeded in brokering the Anti-Tax Avoidance Directive II, in spite of major hurdles. He said good progress is being made on drawing-up of an EU blacklist covering third countries, and that the proposed EU common corporate tax base, an initiative to create a single set of rules for how EU corporations calculate their EU taxes, will the subject of preliminary discussion at the forthcoming ECOFIN meeting.

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