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Gibraltar changes tax laws to meet EU requirements

Thursday, December 26th 2013 - 08:24 UTC
Full article 11 comments

Gibraltar has changed its tax laws to tweak the Income Tax Act 2010 to meet EU requirements. The Chief Minister Fabian Picardo certified the bill as urgent to speed up its process through Parliament. Read full article


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  • ChrisR

    Don’t you just love the hypocrites of the EU?

    Pointing fingers at Gibraltar over two minor tax concessions while the commission has not been able to sign off its own audits for many, many, years.

    I am amazed that Gollum2 hasn’t been jumping up and down and raving at the newspapers about this. Do you think it could be because they have far more to hide?

    Dec 26th, 2013 - 10:31 am - Link - Report abuse 0
  • Britworker

    Apparently, the UK economy is set to be largest in Europe over the next 15 years, over taking France is 2018 and then Germany. Soon they will all be dancing to the beat of our drum very soon.

    Dec 26th, 2013 - 04:42 pm - Link - Report abuse 0
  • ChrisR

    @ 2 Britworker

    Did you read that nonsense?

    No basis in fact and written by somebody with half-a-brain by the look of it. I think he was practicing for April 1st.

    He doesn’t sit on the fence; he keeps falling off it:
    “Douglas McWilliams, the CEBR's chief executive, told The Daily Telegraph that Britain could become even stronger outside the European Union.
    “My instinct is that in the short-term, the impact of leaving the EU would undoubtedly be negative,” he said.
    “My suspicion is that over a 15-year period, it would probably be positive.”
    But the report says Britain is also forecast to fall behind the accelerating economies of India and Brazil.

    His comments on China are ludicrous given the demographic problems that are rapidly approaching them. 0/10 should read a few articles printed last year.

    Dec 26th, 2013 - 06:46 pm - Link - Report abuse 0
  • Britworker


    You're right, China, Brazil, India all have one problem that could very easily send their plans off course, 'corruption'.
    Case in point is Argentina, on paper with their resources they should be a wealthy and powerful country, but why aren't they? 'corruption', and the fact that they are thick as pig shit doesn't help I grant you.

    None the less IF the UK stays in the EU in a few years we will be the largest economy in it and the collective EU will have an economy which rivals China's.

    Whichever way you look at, the UK is well placed for the future.

    Dec 26th, 2013 - 07:04 pm - Link - Report abuse 0
  • Musky

    @4 BritWorker
    Yep, britain will be europe's biggest economy, exceeding that of Germany by 2030. not sure if that is providing we stay in europe and scotland is still a member of the clan.

    Dec 26th, 2013 - 08:53 pm - Link - Report abuse 0
  • Vestige

    “Soon they will all be dancing to the beat of our drum very soon”.

    So by this logic the holder of first place makes others dance to their drum.

    According to this oracle guy in the paper and his speculation Britain wont hold that number 1 spot til exactly 2018....on a tuesday around 3:15pm

    Which would mean someone else is currently holding the drum and making GB dance .

    Who might that be?

    Deutschland !! :D

    Dec 28th, 2013 - 03:50 am - Link - Report abuse 0
  • Conqueror

    @6 Strange how Germany, “Deutschland” in your zeitgeist Boolean universe, is starting to agree with Britain in so many ways. The explanation for this dates back to the 5th century. At this time, adventurous, intelligent Germanics began to travel to the British Isles. Although resisted by the slave-like Britons, they settled and forced the Britons into what is now Wales. The word “wales” actually means “stranger”. And there isn't a lot stranger than Wales. Meanwhile, the Germanics continued to arrive leaving their dull, humdrum, can't think for themselves compatriots behind. Understand? After a while our dumb “cousins” finally get it! Just need to “tell” them for a few years.

    Dec 28th, 2013 - 10:37 am - Link - Report abuse 0
  • Britworker

    If we were in the EURO zone, yes you would be right, but we are not, so you are wrong. We have our own currency, we set our own interest rates and we manage our borrowings without any interference from Brussels or Berlin. That I can assure won't change as far as we are concerned.

    Dec 28th, 2013 - 11:30 am - Link - Report abuse 0
  • olisipo

    @ Britworker (8)

    Why, then, “Gibraltar changes tax laws to meet EU requirements”?

    Dec 28th, 2013 - 05:54 pm - Link - Report abuse 0
  • Vestige

    8 - who said anything about the euro.
    Germany is Europes No.1 economy.
    The end.

    Dec 28th, 2013 - 08:55 pm - Link - Report abuse 0
  • Conqueror

    @5 Would you like to clarify your comment? Geographically, and probably geologically, wouldn't it be difficult for Britain not to be “in” Europe? It's not being “in” Europe that we Brits object to. It's being in the brainless, bureaucratic, greedy, incompetent, licentious, neurotic, rabid, undemocratic EU. And what makes you think scotland makes a difference? Little scotland bankrupted itself between 1698 to 1700 trying to emulate England. A little venture called the Darien scheme. Then little scotland begged England to save it. Here's a reasonable deal. The territory, the land, of little scotland belongs to the United Kingdom. So independent scots can have that back. Little scotland has so many “expectations”. Wonder how they'll feel when they even have to pay for the air.
    @10 Fine. Then Germany can pay for everything. It can start by paying the UK's contribution. Any fines the Commission or the ECJ wants to hand out? Germany will pay. Compensation claims? Germany will pay. The UK can stop using its money to support failing EU states. Germany can give the UK enough money to cover the UK's loans to Ireland, Portugal, Spain, Greece, Italy. Do you think Germany could pay off all our credit card bills? And what do you mean “The end”. The end of what? If that article is to be believed, Germany won't have Europe's No.1 economy by 2030. So it isn't “the end”. It might be the beginning of the end. It might be the end of the beginning. But here's a thought. In the 18th and 19th centuries, in comparison to Britain, Germany was nothing. It didn't even exist until the late 19th century. Maybe history is about to repeat!

    Dec 30th, 2013 - 01:13 pm - Link - Report abuse 0

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