No politics, no scandal

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As with Panama, Malta features prominently in the cache of the leaked Paradise Papers, but to date, no political names have been exposed.

Cartoon by Mikiel Galea

There seems to be a contradiction in the way Malta approaches the related issues of tax avoidance, tax evasion and money laundering. When the Panama Papers scandal broke in 2016, the rest of the world reported it as a data leak revealing the complex machinations through which the world’s richest regularly circumvent their tax obligations: often through deceptive offshore financial set-ups.

The Panama Papers had immense political repercussions in the rest of the world: including the resignation of Iceland’s Prime Minister, among other high-profile casualties. But it wasn’t, in itself, a political scandal. What prompted global outrage was primarily the injustice of it all: the fact that countries are visibly struggling to finance their overstretched

... read more at: http://www.maltatoday.com.mt/comment/editorial/82028/no_politics_no_scandal

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