The Times of Malta (April 7, 2010) reported that the Maltese Finance Ministry was finalizing plans to introduce a 15 percent flat tax to attract foreign experts who work on a temporary basis in high-income jobs. Malta is a small island nation that lacks some skills to compete effectively in the global arena in specialized areas.
The article attracted several dozen comments. Some suggested that the low, flat-tax incentive offered to skilled foreigners might also apply to resident Maltese, which would encourage the acquisition of advanced skills and concurrently reduce tax evasion attributable to the current three-bracket income tax regime of 15, 25, and 35 percent.
