Pressure ups on golden passports as EU proposes 'reduced incentives' tax

An EU tax on "golden passports" is one of the options outlined by the European Parliament (EP) in a bid to address its ongoing concerns about such citizenship schemes currently in place in some member states. In an wide-ranging working report, the EP has said that a tax would "reduce incentives" for wealthy people to use the scheme, thereby limiting the potential risks they pose, the Times of Malta reported. While the report does not propose a specific tax rate, government sources told Times of Malta that preliminary discussions had floated the idea of 15% of annual passport revenues....