PL motion calls for assistance to Maltese investors in Libya

Mr Robert Callus

Apr 14th 2011, 19:14

The Socialists! Malta desperately needs transparency on political Party financing. We need to know whose calling the shots.

Ms D Galea

Apr 14th 2011, 15:10

Why should tax payers foot the bill , directly or indirectly for the shortsightedness of investors who thought that a quick and safe buck could be made in Gheddafi Family's personal feifdom Libja? They should have got their homework right in the first place.Same goes for anyone sinking his/her earnings in suspect stocks or shares that supposedly yield high profits, or when buying property, antiques, etcetc. If these people find that they made a bad investment , is the tax payer expected to make good for their loses? Certainly not. So why should the Libja investors be treated differently?

Mr Charles Cremona

Apr 14th 2011, 10:58

These people knew that investing in a place like Libya would incur risk. So why should the Maltese taxpayer compensate these people. If I lost money invested on the stock market supporting Maltese Industry I don,t expect the taxpayer to compensate me. Investing money is taking a risk so they have to accept that and put the experience behind them.

Ms Stella Mifsud

Apr 14th 2011, 07:26

People lose their jobs all the time! Tough, business is always a risk and I think they must have known that. When times are good nobody shares anything, so now you expect tax payer to bail bail them out? Wonder if PL and are living in the same world as the rest of us. Absurd, and total nonsense.

Kenneth Cassar

Apr 14th 2011, 06:23

Will the PL promise to bail me out if I invest in a high-risk high-profit business?

Mr R Camilleri

Apr 14th 2011, 01:01

Ma nafx jien! Imma b'liema dritt il-PL ghandu jirrakomanda li ghandom jinatghaw flus lil-investituri mil-flus tal-poplu (taxxi)?! Sa fejn naf jien, l-investituri meta jkunu sejrin tajjeb u jaghmlu l-miljuni qatt ma jaqbdu nofsom u jtuhom lill-gvern, biex juzhom fejn ikun hemm bzonn.. izdja ovvjament izzomhom ghalihom kif ghandu jkun! ...Mela allura issa min ha ir-riskju li jinvesti / jiftah business, issa jkollu jbaghti il-fazijiet il-koroh li dan ir-riskju igib mieghu! Inkella jekk il-gvern ha joqghod "jghin" lil kull min imur hazin fil-business... mela allura kullhadd isir businessman... u jekk jmur tajjeb izzomm il-profit u jekk tmur hazin itik il-flus lura l-gvern mit-taxxi tal-poplu!!

Nispera li l-Gvern ma jismax minn daw l-ideat redikoli tal-PL!

R. Gauci

Apr 14th 2011, 00:13

Investiment u xoghol fil-LIbja kien fih element ta` riskju u ghalhekk kien irendi aktar minn job jew investiment go Malta, kienu jafu x'jista jigri. Jien j'Alla s-sitwazzjoni fil-Libja tigi normali malajr kemm jista jkun malajr halli jkomplu fejn hallew imma QATT ma nippretendi li dawn il-persuni jigu mhejjuna mit-taxxi taghna bhal qatt ma ppretendejt xi haga minghandhom meta kienu jigu hawn sinjuri jixtru l-vilel u l-karozzi lussuzi. Fuq kollox dawn ma nafx kemm kienu jhallsu taxxa go pajjizna allura kif nippretendu li nghinuhom mit-taxxi taghna li nhallsu minkejja li naqilghu 10% ta` li kienu jaqilghu huma?

Victor Vella

Apr 14th 2011, 00:12

The Opposition has presented a motion in parliament calling for a debate on the situation of Maltese investment in Libya and urging the government to help Maltese investors in these turbulent times, without placing new burdens on Maltese taxpayers.

And tell me pray where is the money going to come from?
i WOULD GLADLY PAY MY SHARE TO HELP THE REDUNDANT WORKERS BUT NOT COMPANIES.

Darren Muscat

Apr 14th 2011, 00:00

Wow, x'idea dik mil-partit laburista... Terbhu 10 persuni u l-ghada titilfuhom bkumment vojt bhal dak... Mela min hajhalas jekk mhux it-tax payer? Ta veru!

Mr M Farrugia

Apr 13th 2011, 22:39

Mozzjoni ghal gallarija. Il-Gvern diga qal li se jghin li dawk milquta. Dan qalu kemm il-Ministru tal-Finanzi kif ukoll il-Prim Ministru. Issa jkun hawn xi hadd li meta tinghata l-ghajnuna johrog jghid li din saret ghax tkelmet l-opposizzjoni.

Mr Richard Caruana

Apr 13th 2011, 22:20

Use good causes fund to bail out business is ludicrous. Businesses take investment risks everyday; when they make a fortune they never contribute to the good causes fund, rather it's more like a game of how to beat the taxman as best possible. Small investors have lost a lot of money in local bank schemes that looked safe and no one has come to their aid. So how can big investors expect aid from public funds?

Mr Julian Borg

Apr 13th 2011, 22:17

Il-veru opportunist! I have no issue with entrepenuers taking risks and making massive profits - good luck to them! I have no issue with smaller entrepeneurs taking smaller risks and maing smaller profits. That is their prerogative and good luck to them too. But unless you are going to share your profits with me then don't ask me to fork out a single cent to support you - tax holidays, deferment of payments and any other intitiatives all cost money - and I am not willing to pay the price.

Are the PL looking to these companies to help fun their party? Wanna bet??

Mark Piscopo

Apr 13th 2011, 21:40

The annual return for Maltese companies from Libya stands at €90 million. There are over 200 companies employing some 400 hundred Maltese workers.

Mark Piscopo

Apr 13th 2011, 21:38

Meta tnaqsilhom naqra mit taxxi tkun qed tghin indirettament lil haddiema li jahdmu ma dawn il kumpaniji ghax l-ekonomija katina. Prosit Dr Muscat ghal din l-inizjattiva

Mr Jo Camm

Apr 13th 2011, 21:01

The PL, as usual, asks for the impossible (helping the investors without placing new burdens on Maltese taxpayers). Then when it does not happen they will say that the government is doing nothing to help.

Is this the way to win an election??

Mr Charles Spiteri

Apr 13th 2011, 21:01

Will these companies pay back the assistance received + commercial interest on such assistance or will the government be given preferred shares in these companies?
When these investors did particularly well in Libya they ratained their profits. No they should dig into their deep pockets to help themselves and stop expecting the Maltese government (through taxpayer money) finance their investment. High returns are derived from high risk investment. They knew that Libya was high risk with that lunatic ruling Libya. One lunatic in Libya is enough. We don't need 'loonies' in Malta as well. If the PL care so much about these investors, they should do some fund rasing on their behalf to demonstrate how genuine they are.

Mr Stephen Florian

Apr 13th 2011, 20:54

NO !

Anthony Farrugia

Apr 13th 2011, 20:40

So the PL has gone into the business of turning water into wine; if government helps these Maltese investors, taxpayers will have to make good through their taxes. How is it that these Maltese investors stayed quiet all through the good times and now that they have hit a bad patch they go wailing to Daddy Government to make good for their losses. And I note that the motion has been presented by an old Libya hand, Karmenu Vella. Why is it the the PL/MLP is always playing to the gallery be it the hunters (who are they ?), divorce and now Maltese investors in Libya. I as a taxpayer am invoking the neutrality clause in our constitution and asking the government not to interfere.

Joe Pavia

Apr 13th 2011, 20:01

Dr Mangiojn and his party are always full of wonderful ideas. He even mentions that such an action will place no new burdens on Maltese taxpayers. CAN YOU PLEASE ADVISE US HOW THIS IS TO HAPPEN DR. MANGION? Labour Magic Wand again? Think before you speak.

Mr Carmel (Nenu) Aquilina

Apr 13th 2011, 19:56

L-ewwel li għandhom jiġu mejjuna huma l-ħaddiema Maltin u l-familji tagħhom li kienu jaħdmu l-libja u mhux in-egozzjanti!
Dawn il-ħaddiema Maltin insejtuhom Sinjuri membri parlamentari?
Dan kif qalbkom iktar qed taħraqkom għan-negozjanti u mhux għal-ħaddiema?
Nixtieq nistaqsi jekk dawn iż-żewġ membri parlamentari li resqu din il-mozzjoni għandhomx negozzju il-Libija, jew xi interess f'xi negozju il-Libja?

Mr Joseph E Briffa

Apr 13th 2011, 19:41

Whether it's injection of funds or writing off of taxes due, the burden invariably falls on the Maltese taxpayer. It beats me how it is possible to assist these investors without involving additional burdens on taxpayers, unless what these people have in mind is merely rescheduling of debts.

Mr Joseph Agius

Apr 13th 2011, 19:40

Bring out your magic wand !!!......help investors from tax money without taxing people !!!!!