Peter Caruana has been re-elected
as Chief Minister of Gibraltar in the general election recently
held on the Rock which he won by comfortable 10% margin over left
wing rival and former Chief Minister Joe Bassano.
Caruana's re-election is good news for business in Gibraltar,
which means good news for the offshore business sector, the backbone
of the territory's economy.
Although Bassano (a former union boss) and other opponents criticised Caruana for catering too much for business at the expense of low income earners, they had little ammunition to back up such claims because of the strong economic performance and near zero unemployment of which Caruana has been the architect.
Caruana, a lawyer by trade, has also served Gibraltar's interests well in fending off attacks on the territory's sovereignty, which is coveted by Spain, and threats to its low tax status by the EU and OECD. His return to Government provides the political continuity and stablility that Gibraltar needs to build upon its recent economic growth.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment