Saving in Malta

The economy of Malta is made up with 71 % of the sector of the services, with 26 % of Industry and with 3 % of Agriculture (1997).

Its principal resources are the Calcaire, its geographical location with the moderate climate and a productive labor.

However, Malta has as an economic characteristic essential - generally keep silent in the media except Internet - to belong to what the specialists indicate under the term of " world atlas offshore". Malta is indeed a territory which answers the qualification of " paradise financier". Since an official study published in 1998 by the United Nations (attached to his annual report on the Drug and bleaching, it is classified like " zone with risques" as regards Money laundering and of international Tax evasion, because in particular of the Offshore oil rig existence of mechanisms , of the application of a bank secrecy extremely and development of traffics in all kinds. In the drawn up list in June 2001 by GAFI - Group of acion financial against the bleaching of the capital, " fruit of a subtle compromise between political realism, cross interests of the States and requirements of the fight against the blanchiment" according to the French magistrate Jean-François Thony, Malta appears like one of the " grey areas of the world of the finance".

Malta is also known like Flag of convenience.

Source

Beautiful linen and dirty money - international Tax evasion and bleaching of the capital, Jean-Pierre Thiollet, Anagram editions, 2002. ISBN 2 914571 17 8

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