Combating tax fraud at the European level

Minister for Finance Edward Scicluna welcomed the tax officials from the 28 member states attending
the 12th meeting of the Eurofisc Group Working Field 1 dealing with MTIC fraud. The two-day
conference, hosted by Malta, is being held at the Grand Hotel Excelsior Malta between the 6th and 7th
of February.

During Minister Scicluna’s opening address, he stated that although Malta, which joined the European
Union in 2004, is both the smallest and southernmost country of the European Union, the country,
just like the others represented, has an obligation to ensure that its living standards converge with
those of the EU.


 

In his speech, Minister Scicluna said that in order to ensure Malta’s economic success, the economy
needs to continue to grow at a steady pace. To date, Malta’s economy is growing faster than the EU
average and most other member states.
Being that Malta has no natural resources to tap into, the Government needs to be smart in order to
not only survive but thrive. Malta has been able to successfully cultivate its economy by diversifying
its sectorial portfolio while also continuing to be competitive in the said industries. Minister Scicluna
stated that in order to be prosperous, Malta has retained a strong presence in traditional industries
such as manufacturing and tourism, while also developing other sectors such as financial services and
iGaming, as well as being at the forefront of the movement to attract companies that specialize in
disruptive technologies such as blockchain.

Minister Scicluna stated that Malta endorses solidarity and cooperation, especially within the
European context. As Malta showed solidarity when some member states had financial difficulties
and needed aid, one expects the same approach towards migration burden sharing by all member
states. Minister Scicluna concluded by wishing the officials a successful meeting in which there is an
abundance of information sharing so that we as a European Union can continue to move forward and
combat collective issues such as tax fraud.