<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	
	>
<channel>
	<title>
	Comments on: Malta loses Dyson&#8217;s £3 billion empire but Muscat is proud to have gained World-Bank-blacklisted Shiv Nair	</title>
	<atom:link href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%E2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/feed/" rel="self" type="application/rss+xml" />
	<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Tue, 08 Oct 2013 11:46:36 +0000</lastBuildDate>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>
	<item>
		<title>
		By: Carmelo Micallef		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309756</link>

		<dc:creator><![CDATA[Carmelo Micallef]]></dc:creator>
		<pubDate>Tue, 08 Oct 2013 11:46:36 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1309756</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309232&quot;&gt;We are living in Financial Times&lt;/a&gt;.

This amoral regime of `pimps, thieves and scoundrels` have latched onto a few dubious characters and their party tricks which have contributed to the rise of this fascist gang: It will also contribute  significantly to their rightfull and legitimate downfall.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309232">We are living in Financial Times</a>.</p>
<p>This amoral regime of `pimps, thieves and scoundrels` have latched onto a few dubious characters and their party tricks which have contributed to the rise of this fascist gang: It will also contribute  significantly to their rightfull and legitimate downfall.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: lilian micallef		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309739</link>

		<dc:creator><![CDATA[lilian micallef]]></dc:creator>
		<pubDate>Tue, 08 Oct 2013 11:35:48 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1309739</guid>

					<description><![CDATA[Now we must  welcome and enjoy what the Maltese wanted.
Now its to late.]]></description>
			<content:encoded><![CDATA[<p>Now we must  welcome and enjoy what the Maltese wanted.<br />
Now its to late.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: We are living in Financial Times		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309232</link>

		<dc:creator><![CDATA[We are living in Financial Times]]></dc:creator>
		<pubDate>Tue, 08 Oct 2013 00:47:26 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1309232</guid>

					<description><![CDATA[Is Muscat going to clock Dyson as negative, too? Is he going to tell him to be positive?

Isn&#039;t it obvious just where this &quot;positivity buzz&quot; is coming from?

Enforcing on others the old western tactics of &quot;I am right, you are wrong,&quot; whilst being so very lateral about everything else?

The game, played this way, is so very, very wrong. 

The people playing it so very, very sly. This team is seven sometimes Six.

Diabolical.

Their deception almost worked for them. But now it&#039;s out.

Look beyond the obvious.

Not even Labour voters voted this in.

This game only works with a positive Value filter, and they have replaced that with a negative value filter.

They have learnt from the source, but the way they are applying it is not morally pure.

No Medals for this corrupt mob.]]></description>
			<content:encoded><![CDATA[<p>Is Muscat going to clock Dyson as negative, too? Is he going to tell him to be positive?</p>
<p>Isn&#8217;t it obvious just where this &#8220;positivity buzz&#8221; is coming from?</p>
<p>Enforcing on others the old western tactics of &#8220;I am right, you are wrong,&#8221; whilst being so very lateral about everything else?</p>
<p>The game, played this way, is so very, very wrong. </p>
<p>The people playing it so very, very sly. This team is seven sometimes Six.</p>
<p>Diabolical.</p>
<p>Their deception almost worked for them. But now it&#8217;s out.</p>
<p>Look beyond the obvious.</p>
<p>Not even Labour voters voted this in.</p>
<p>This game only works with a positive Value filter, and they have replaced that with a negative value filter.</p>
<p>They have learnt from the source, but the way they are applying it is not morally pure.</p>
<p>No Medals for this corrupt mob.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Victor		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309118</link>

		<dc:creator><![CDATA[Victor]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 22:48:20 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1309118</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308994&quot;&gt;Osservatore&lt;/a&gt;.

You&#039;re so right.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308994">Osservatore</a>.</p>
<p>You&#8217;re so right.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Harry Purdie (back 'on the rocks')		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309116</link>

		<dc:creator><![CDATA[Harry Purdie (back 'on the rocks')]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 22:47:34 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1309116</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308994&quot;&gt;Osservatore&lt;/a&gt;.

The points you make are accepted and realistic. However, we are now ruled by a bunch of yahoos. I have just returned and the atmosphere is scary, fearful and worriesome. 

While abroad, my colleagues asked about Malta&#039;s future under the socialist government. I could only shrug my shoulders and shake my head.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308994">Osservatore</a>.</p>
<p>The points you make are accepted and realistic. However, we are now ruled by a bunch of yahoos. I have just returned and the atmosphere is scary, fearful and worriesome. </p>
<p>While abroad, my colleagues asked about Malta&#8217;s future under the socialist government. I could only shrug my shoulders and shake my head.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: ciccio		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1309064</link>

		<dc:creator><![CDATA[ciccio]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 22:10:43 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1309064</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308766&quot;&gt;Harry Purdie (back &#039;on the rocks&#039;)&lt;/a&gt;.

Vacuum cleaners giant pulling out of Malta?

Not to worry.

Joseph Muscat will sweep this news under the carpet.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308766">Harry Purdie (back &#8216;on the rocks&#8217;)</a>.</p>
<p>Vacuum cleaners giant pulling out of Malta?</p>
<p>Not to worry.</p>
<p>Joseph Muscat will sweep this news under the carpet.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Osservatore		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308994</link>

		<dc:creator><![CDATA[Osservatore]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 21:10:41 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1308994</guid>

					<description><![CDATA[These are early signs that Malta&#039;s days as a financial services are numbered. Membership in the EU is so much more about obligations than it is about rights. We cannot just have the cake and eat it. Unless we play ball with the bigger countries, they will not play ball with us and in doing so, they will simply leave us watching from the sidelines.

Our tax regime was previously approved by the big guns. Today, it is under fire, together with Luxembourg and Cyprus, by the very same countries that sanctioned our onshore offshore regime.  Tax avoidance has become too costly in a post recession Europe that has had to implement austerity measures. The big countries are looking at plugging tax leakage. Yet there is more to it than that.

Malta js letting its standards slip. Lets face it, Muscat is hardly half the statesman that Gonzi was. The Commissioner from Malta turned to be a scum bag. Malta has become a xenophobic hell hole for immigrants as we have politicians bent on breaching human rights if allowed. Add on the fact that we are becoming a pariah member state by aligning ourselves to the Chinese and and other dubious North African countries. The diplomatic corps has been quite literally decimated and ha been turned into a body (corpse is more appropriate) of philistines and political appointees. The army and police force have lost their independence. We do not look very European any longer do we?


So why should our lucrative financial services sector be allowed to go on prospering? The recession was bad enough and out of anyones control (although I could argue about that) but what we are doing to Malta is being done by ourselves. Anyone with enough sense is hedging his bets and looking at taking at countries that are able to project a more stable outlook. All the work and investment that took place in the two post 87 legislatures is fast being destroyed and it will be years, no generations, before it can be rebuilt.

Like the dog in the proverb, we have given ourselves a bad name, so let&#039;s not be surprised when they hang us.]]></description>
			<content:encoded><![CDATA[<p>These are early signs that Malta&#8217;s days as a financial services are numbered. Membership in the EU is so much more about obligations than it is about rights. We cannot just have the cake and eat it. Unless we play ball with the bigger countries, they will not play ball with us and in doing so, they will simply leave us watching from the sidelines.</p>
<p>Our tax regime was previously approved by the big guns. Today, it is under fire, together with Luxembourg and Cyprus, by the very same countries that sanctioned our onshore offshore regime.  Tax avoidance has become too costly in a post recession Europe that has had to implement austerity measures. The big countries are looking at plugging tax leakage. Yet there is more to it than that.</p>
<p>Malta js letting its standards slip. Lets face it, Muscat is hardly half the statesman that Gonzi was. The Commissioner from Malta turned to be a scum bag. Malta has become a xenophobic hell hole for immigrants as we have politicians bent on breaching human rights if allowed. Add on the fact that we are becoming a pariah member state by aligning ourselves to the Chinese and and other dubious North African countries. The diplomatic corps has been quite literally decimated and ha been turned into a body (corpse is more appropriate) of philistines and political appointees. The army and police force have lost their independence. We do not look very European any longer do we?</p>
<p>So why should our lucrative financial services sector be allowed to go on prospering? The recession was bad enough and out of anyones control (although I could argue about that) but what we are doing to Malta is being done by ourselves. Anyone with enough sense is hedging his bets and looking at taking at countries that are able to project a more stable outlook. All the work and investment that took place in the two post 87 legislatures is fast being destroyed and it will be years, no generations, before it can be rebuilt.</p>
<p>Like the dog in the proverb, we have given ourselves a bad name, so let&#8217;s not be surprised when they hang us.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Last Post		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308971</link>

		<dc:creator><![CDATA[Last Post]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 20:36:08 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1308971</guid>

					<description><![CDATA[Re: The World-Bank-blacklisted Shiv Nair:

I was listening to Mr Saying-it-as-it-is interviewing Prime Minister Muscat. 

He rhetorically asked him whether he approved the appointment of Jeffrey Curmi as the next AFM Commander because &#039;as has been reported&#039;, he is a family friend of his.

I was waiting (in vain) for him to &#039;grill&#039; Joseph Muscat about the reported bad publicity surrounding the government&#039;s consultant Shiv Nair. 

Then I thought, fat chance.]]></description>
			<content:encoded><![CDATA[<p>Re: The World-Bank-blacklisted Shiv Nair:</p>
<p>I was listening to Mr Saying-it-as-it-is interviewing Prime Minister Muscat. </p>
<p>He rhetorically asked him whether he approved the appointment of Jeffrey Curmi as the next AFM Commander because &#8216;as has been reported&#8217;, he is a family friend of his.</p>
<p>I was waiting (in vain) for him to &#8216;grill&#8217; Joseph Muscat about the reported bad publicity surrounding the government&#8217;s consultant Shiv Nair. </p>
<p>Then I thought, fat chance.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Gahan		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308949</link>

		<dc:creator><![CDATA[Gahan]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 20:23:38 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1308949</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308735&quot;&gt;Jozef&lt;/a&gt;.

Jozef, you got carried away...Dyson had/has his company registered in Malta to avoid paying higher taxes in the UK. He’s considering to pull out. There are no manufacturing plants here in Malta.

My conservative guesstimate, based on a £3 billion investment, is that we would be losing around €10 million in company tax plus the multiplier effect of having a company registered here.

I hate to be the “uccello di malaugurio”, but I’m told that a leading and established manufacturing company in Malta has pulled out five products from its plant to be manufactured in some East European country instead. That’s some thirty employees who will be fired in the coming months, and €5 million worth of exports going down the drain.

While this is happening, our prime minister is busy preparing surprises for the next budget...like a 15% tax on property rent income. I would be surprised if he finds an acceptable excuse not to lower the utility bills.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308735">Jozef</a>.</p>
<p>Jozef, you got carried away&#8230;Dyson had/has his company registered in Malta to avoid paying higher taxes in the UK. He’s considering to pull out. There are no manufacturing plants here in Malta.</p>
<p>My conservative guesstimate, based on a £3 billion investment, is that we would be losing around €10 million in company tax plus the multiplier effect of having a company registered here.</p>
<p>I hate to be the “uccello di malaugurio”, but I’m told that a leading and established manufacturing company in Malta has pulled out five products from its plant to be manufactured in some East European country instead. That’s some thirty employees who will be fired in the coming months, and €5 million worth of exports going down the drain.</p>
<p>While this is happening, our prime minister is busy preparing surprises for the next budget&#8230;like a 15% tax on property rent income. I would be surprised if he finds an acceptable excuse not to lower the utility bills.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: A.Charles		</title>
		<link>https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308857</link>

		<dc:creator><![CDATA[A.Charles]]></dc:creator>
		<pubDate>Mon, 07 Oct 2013 19:16:35 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=38611#comment-1308857</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308732&quot;&gt;P Shaw&lt;/a&gt;.

I have known about the Dyson investments since this article appeared in www.thetimes.co.uk.


Offshore ruse could save Dyson children millions

Nicholas Hellen Published: 9 September 2012
Comment (1) Print
Sir James Dyson. His fortune is estimated at £2.65 billion (Adrian Sherratt)Sir James Dyson&#039;s fortune is estimated at £2.65 billion (Adrian Sherratt)
SIR JAMES DYSON, the inventor of the bagless vacuum cleaner, has set up an offshore company to channel a substantial portion of his £2.65 billion fortune to his children, potentially saving them millions in tax.

Dyson, 65, has established a firm in Malta that could legally avoid the payment of inheritance tax or a tax on dividends. A financial expert said up to £500m could be transferred.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2013/10/malta-loses-dysons-3%e2%80%89billion-empire-but-muscat-is-proud-to-have-gained-world-bank-blacklisted-shiv-nair/#comment-1308732">P Shaw</a>.</p>
<p>I have known about the Dyson investments since this article appeared in <a href="http://www.thetimes.co.uk" rel="nofollow ugc">http://www.thetimes.co.uk</a>.</p>
<p>Offshore ruse could save Dyson children millions</p>
<p>Nicholas Hellen Published: 9 September 2012<br />
Comment (1) Print<br />
Sir James Dyson. His fortune is estimated at £2.65 billion (Adrian Sherratt)Sir James Dyson&#8217;s fortune is estimated at £2.65 billion (Adrian Sherratt)<br />
SIR JAMES DYSON, the inventor of the bagless vacuum cleaner, has set up an offshore company to channel a substantial portion of his £2.65 billion fortune to his children, potentially saving them millions in tax.</p>
<p>Dyson, 65, has established a firm in Malta that could legally avoid the payment of inheritance tax or a tax on dividends. A financial expert said up to £500m could be transferred.</p>
]]></content:encoded>
		
			</item>
	</channel>
</rss>

<!--
Performance optimized by W3 Total Cache. Learn more: https://www.boldgrid.com/w3-total-cache/?utm_source=w3tc&utm_medium=footer_comment&utm_campaign=free_plugin

Object Caching 13/17 objects using Redis
Page Caching using Disk: Enhanced 

Served from: daphnecaruanagalizia.com @ 2026-04-12 09:01:13 by W3 Total Cache
-->