Malta and IFCs bid for global tax delay to 2025 as Cuba gets FATF boost

Malta is lobbying for a two-year extension on the introduction of the Organisation of Economic Cooperation and Development (OECD)'s ambitious global 15% minimum tax rate by January 2023.  The Times of Malta has cited government sources on the island who said that talks were also being held with foreign investors in Malta to retain them after the tax regime changes. Malta has already agreed to the OECD new tax requirement but it is now negotiating "carve-outs and concessions" with the European Union. Sources working on the government's contingency say their priority is to try and de...