Lawyer says government was aware of Brussels embassy tax implications
By Kurt Sansone
The tax implications of renting out four floors of Malta House in Brussels for commercial purposes risk turning into a political and fiscal complication as lawyer Peter Caruana Galizia yesterday told the Public Accounts Committee that he had prepared a report for Mimcol outlining the tax implications of any decision taken by government. READ MORE >>

Runaway oil prices to have a “large weighting on economic prospects”
As oil prices continued to soar higher yesterday, marking a sixth consecutive day of all-time peaks, market analysts speaking to The Malta Financial and Business Times warned that prospects for economic growth could be wiped out as the country’s energy bill soars. READ MORE >>

EU report shows Malta’s euro odyssey is a tough quest
By Matthew Vella reporting from Amsterdam
The euro is five years old, and at the Euro Conference being held in Amsterdam this week its guardians have lauded the toddler currency’s first steps towards a greater European economic growth. The keyword is, however, ‘credibility’, bandied about by Joaquin Almunia, the EU Commissioner for economic and monetary affairs, and former European Central Bank president Wim Duisenberg. READ MORE >>