Malta: Ċaqnu will not get paid for Luqa land sale as part of tax settlement

The Finance Ministry has shed light on a property transfer deal that will form part of a tax arrangement struck with developer Charles Polidano, while insisting that all amounts owed will be collected.

Times of Malta on Wednesday reported how Polidano, known as iċ-Ċaqnu, had reached an agreement to shave off part of a €40 million bill for unpaid taxes, following a meeting with a senior official at the ministry.