Just look at him – shouldn’t he be doing something about Malta’s criminal underworld?
Published:
October 13, 2014 at 10:35pm
At this rate, we’re going to be thinking that he’s their representative in the cabinet. Somebody like him has to be extra careful, what with his track record of defence counsel to Malta’s worst criminals and traffickers.
Anybody would think he’s tweeting off the lavatory while defecating for king and country.
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Oh well, here goes.
https://scontent-a-ams.xx.fbcdn.net/hphotos-xpf1/v/t1.0-9/10474739_705014529582963_538332126866417408_n.jpg?oh=bbf54168450888315587f51fe45045d2&oe=54F0E8EB
Bil-Forza Malta ingibuh il-quddiem il-pajjiz, Ministru.
I see he’s upgraded to a full-blown game of polo now.
And to this that this is in his hands:
http://www.consilium.europa.eu/homepage/highlights/combating-tax-evasion-council-agrees-rules-on-automatic-exchange-of-information?lang=en
Does that mean that the EU has the right to know what the Maltese Government wants to keep under wraps?
What’s the quality of information that will be provided? and by whom?
So how does this money laundering lark work then?
You smuggle a shit load of drugs into Malta by various methods.
Frozen Brazilian meat apparently being a common route.
You then flood the local market and make a tidy fortune.
Then you clean it.
You open a supermarket. Purchase a shit load of goods from local suppliers and sell them.
If your really greedy, I imagine you sell only a small percentage locally but pass all your purchases through Malta’s books.
Then you clean. All your drug money is then passed on as food sales.
No vat and zero rated.
Supermarkets work on large volumes and small mark ups. So big deal they pay 35% on very little profit.
Every industry is benchmarked. If the inland revenue see a high turnover all they are looking at is percentage.
So where is the money?
My assumption is the food that was purchased locally and not passed through the books is then sold on the black market.
This could be locally as most catering establishments do not like to pay their dues.
Or if you lucky enough to have a few supermarkets overseas put them in a container sell them there.
Malta has always supplied goods to Libya but this time someone didn’t get paid.
How does it work?
It depends on the nature of the goods being dealt with in Libya, I guess.
Wasn’t this the person who had a double hull boat smuggling diesel? That got caught?
Perhaps that caused a setback in the chain of payments?
But wouldn’t the money from sales of food on the blackmarket, in turn, need to be laundered?
Correct, but why the supermarkets in Libya?
I only know that from an export point of view, there is no tax on imported food.
As regard to tax on profits and double taxation agreements I have no idea.
Surely there is someone qualified out there?
What about them?
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This one goes out to Andrew Borg Cardona, who thinks I’m lumping PN with MLP and being tedious. But really.
This could explain why a year or so ago , good quality meat was being sold so cheaply from More Supermarkets as were several other food items. These last few months though , the fabulous discounts seem to have disappeared. and various items have disappeared from the shelves as well.
Isn’t the decision not to act or to drag your feet by analysing reports ad infinitum, an action in itself?
Not doing anything is not the opposite of doing something it is in fact an action with its own repercussions.
Talk about poor posture. Is he actually sitting on the palm of his hands?
http://www.maltatoday.com.mt/news/national/44896/president_welcomes_milestone_report_on_child_migrants_in_malta#.VD1J_926mrU