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LGA to set up Responsible Gaming Fund

Posted on 17th May 2012

The Malta Lotteries and Gaming Authority is planning to create a Responsible Gaming Fund to enable it to run a campaign on responsible gaming and also help people addicted to gaming, Finance Minister Tonio Fenech said today. Speaking during a visit to the LGA’s offices, Mr Fenech underlined the importance of the gaming industry to the economy. He said that revenue from duty on gaming has risen by 40% since 2007 and reached €47.5 million last year. The number of licence holders increased three-fold in three years as the gaming sector grew by 29%. He said the sector now employed…

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Switzerland and Italy agree on dialogue on financial and tax issues

Posted on 11th May 2012

The Federal Department of Finance (FDF) and the Italian Ministry of Economy and Finance have announced that a working meeting will soon take place. During talks held, State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters (SIF), and Ambassador Carlo Baldocci, Diplomatic Adviser to the Italian Ministry of Economy and Finance, discussed various financial and tax issues. Also in light of the recent developments in the European Union, their discussions included the model for an agreement on the regularisation of assets held in Switzerland by non-resident taxpayers and the introduction of a withholding tax on future…

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