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22nd July 2021, 14:29

Finance Centre Council 'broadly welcomes' budget measures

The Gibraltar Finance Centre Council says it broadly welcomes the latest Budget measures.

It says it recognises the impact of Covid-19 and the need to strengthen Gibraltar's finances.

On the 12.5% corporate tax rate increase, it says it does not believe this will significantly hamper economic activity on the Rock - particularly it adds, in light of the very encouraging and positive measures announced to encourage investment in people, marketing and capital expenditure by business.

The GFCC says Gibraltar remains a very competitive and compliant low tax jurisdiction.