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

clock • 3 min read
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 ...

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