22nd July 2021, 14:29
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.