Shadow Finance Minister Calls for Urgent Tax Reform
Shadow Finance Minister Hon. Graham Bencini has called for a “serious and structured review” of Malta’s corporate tax framework, warning that the current system continues to place Maltese businesses at a significant disadvantage.
In an exclusive interview in today’s The Corporate Times, Bencini said it is unacceptable that while foreign companies operating in Malta often pay as little as 5% tax through refund mechanisms, local businesses continue to shoulder a 35% corporate tax burden.
“This was never meant to come at the expense of Maltese businesses,” he insists, stressing that while foreign investment is crucial, it must not undermine the competitiveness of local entrepreneurs.
Bencini argues that Malta must rebalance its approach, creating a tax system that rewards innovation, reinvestment, and growth for both foreign and domestic players alike. He warns that failure to act will continue to erode trust and hinder long-term economic sustainability.
In today’s full interview, covering Malta’s growing public debt, government mismanagement, and the urgent need for procurement reform and transparency, the core message is clear: that while public debt is at an alarmingly historic high, Maltese businesses deserve a level playing field, and reform can no longer be postponed.
