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Labour proposes lower tax for part-timers, business start-ups

A Labour government will raise the ceiling of part-time work taxed at 15%, effectively reducing tax for part-timers, Labour leader Joseph Muscat said this morning.

The Labour leader said the limit, which has been frozen for the past 14 years, will be raised to income up to €10,000 from €7,000.

Another measure will be the introduction of a tax credit of €2,000 for women over 35 entering the labour market for first time

Dr Muscat said the Labour roadmap for economic growth aimed at encouraging  work.

He said Labour was making several proposals for growth.

The preferred model for government's projects was public-private partnerships. He said Labour would introduce a Family Business Act to facilitate the transfer of a business from one generation to another, simplifying tax regime in this regard.

A new government would work with the private sector to create venture capital funds for new businesses.

Tax credit would be given for those who open a new company.

There would be start-up tax credit of €8,000 or 10 per cent of investment and this would be availed of in the first four years. This proposal, Dr Muscat said, would not impact government revenue because it dealt with future streams of revenue.

Full-timers, pensioners and students who had a small business on the side would pay 15 per cent tax on the first €12,000 income derived from the part-time business. This would help cut down on the black economy. This measure, he said, was   expected to target 3,000 people. It would cost €1.5 million but it would be offset by curbing evasion.

Part-time workers would have the portion taxable at a flat 15 per cent increase to €10,000 from €7,000. The ceiling has been frozen for 14 years.  Dr Muscat said this measure would  curb evasion. The measure would apply to full-timers, students and pensioners. Some 20,000 people would benefit from this measure which would cost €5 million.

Women over 35 entering the labour market for first time would be given a tax credit of €2,000. This tax credit was not conditioned by their children's age, Dr Muscat said, There are some 5,000 women, who according to NSO, may benefit.

Labour would also provide a tax credit of 150 per cent to companies for the value of training given to workers or new employees. The expense will be capped at €3 million and EU funds can be tapped.

 

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Eddy Privitera

Jan 28th, 17:55

Richard Caruana: GonziPN could invent any promise knowing that they will be sitting on the opposition benches ! The PL had to be responsible, knowing that what they pledge to do will be under the scrutiny of voters once elected !

J Martinelli

Jan 28th, 18:53

So, Eddy, is that all the PL did for 23 years in Opposition? Promise a lot, throw mud which didn't stick and throw wrenches at government works? How constructive!
Geez, I always thought that the PL's motto was once. 'Malta l-Ewwel Qabel Kollox' Too bad , in practice it worked out to be "Malta l-Ewwel, Qaleb kollox"!
The L P and 'responsibility' simply don't mix too well. Never did, never will.

J Martinelli

Jan 28th, 19:03

Damned computers!
By Joseph's recent calculations, they must still be using the same abacus which Sant used in 2008 and they want to give iPads to year 4 kids!
They had better book a few for the big cheeses in the PL, minus one for Anglu whose head was chopped a few weeks ago. Possibly two, since Konrad is nowhere to be seen. Kidnapped? Done in? Too embarrassed to be snubbed by Joey on TV?

J Martinelli

Jan 28th, 19:20

'New' ideas are not copies, not plagiarized, not inferior to what is already in place or announced by the NP including their cost of implementation.
We waited 25 years for the PL to move forward but instead, their 'road-map' leads back to the 70s.
The PL cannot move forward while still anchored to bedrock for 35+ years. They just cannot bear cutting loose and changing course.
LP must be reborn.

Eddy Privitera

Jan 28th, 17:49

George:The EU funds will be coming FROM THE SAME MONEY WE WOULD HAVE ALREADY PAID TO THE EU !! So, actually, its our own money ! From 2007 till 2011 Malta paid €307million to EU (besides other monies spent on certain EU projects . While from 2007 till October 2012, Malta received €278 million from the EU !These figures were given by EU Commission to Prof. Edward Scicluna !

J Martinelli

Jan 28th, 18:33

Eddy, your credibility = the LP's = ZERO.
If what we get from the EU is what we have already paid, our economy must be going full speed ahead & we are net contributors to the EU.
In that case paying the EU Lm1.6 million is a bargain, wouldn't you say so? Where have the millions for restorations, new infrastructure come from? Manna from heaven?
You're an embarrassment Eddy and so is Prof Scicluna.

Josephine Muscat

Jan 28th, 19:32

Oh my god....what a laugh.....keep on promising.....let me give you my promise...I'm voting alternative because they promised nothing!

C Ciappara

Jan 28th, 16:15

[Part 1]

Qabel taqbad tparla, qrajta sew l-proposta tal-PN?? Jekk tara point 9 tghid hekk:

"Jekk għandek anqas minn 25 sena
jew kont tirreġistra għal ħames snin
jew jekk għandek 45 sena jew aktar u tlift l-impjieg"

jigifieri...

C Ciappara

Jan 28th, 16:20

[Part 2]

...Mhux kull business gdid ha jibbenefika minna! Trid tkun:
- jew under 25, imma mhux 25 ghax kieku jiktbu "jekk ghandek 25 sena jew inqas"
- jew ilek 5 snin bla xoghol (trid tara minn fejn ha ggib l-flus wara dawk s-snin kolla ma tahdimx)
- jew nkella meta talaq 45, u trid titkecca mix-xol!! Importanti li mhux titlaq inti imma tkun "tlift l-impjieg"

Aqra sew siehbi!!

J Martinelli

Jan 28th, 18:24

Ghandek ragun C Ciappara ghax kull meta kien hemm gvern Laburist l-eta ma kienitx problema ghax xi Dejma jew Korp tal-Pijunieri dejjem solva l-problema ta qaghad u l-haddiema dejjem thallsu tajjeb!
Min ilu qieghed 5 snin, f'pajjizi ohra anqas biss ma jithalla jirregistra, ferm anqas jircievi ghajnuna. Min ilu 5 snin bla xoghol jew ma jridx jahdem jew ikun ircieva xi 'golden handshake'.

J Martinelli

Jan 28th, 15:58

Patrick, people act & live stupid, as you put it, are people who build castles in the air.
Look at Joseph's fake promises. He will reduce taxes, gives incentives to women (over 35) & businesses too, promises not to touch stipends (heard that one before), continues to offer health services for free, while at the same time burdens the treasury with 600 million in new debt!
Go tell it to the marines.

J Martinelli

Jan 28th, 16:05

Charles, the LP already resides in Neverland & it doesn't see the need for change.
If "all the LP needs to state is that when in government it would be a replica of the PN", (1) who will believe them? (2) Imitating the NP proves beyond doubt that they have no ideas of their own, they are not ready to govern and have no clear vision for the future.
We saw how they governed & want no repeat.

Godfrey Zammit

Jan 28th, 16:15

Do you mean that because the PN failed in these last 5 years there is no alternative? is this the only argument you have left. You are still the old PN of 5 years ago. If the PL will be a replica of the PN than we will have another failure. The PN destroyed our standard of living and we are eating "hobz biz-ZEJT" every day.

J Martinelli

Jan 28th, 17:48

Godfrey, if you're eating 'hobz biz-zejt' everyday, it's because you want it that way. The majority are taking vacations abroad, some more than once, buy new cars, homes and eat at restaurants at least once a week. Obviously many are not surviving on hobz biz-zejt.
The problem is, that because of votes, governments have turned Malta into a welfare state and a culture of entitlement has taken hold.

M BUHAGIAR

Jan 28th, 14:48

Fran Abela

You seem quite panicked today!!

Judgement day is swiftly arriving dear Fran!!!

Leonard Brincat

Jan 28th, 15:20

Taf li ha jerga jissellef 650,000,000 ohra. Aqra it times tal lum stess u tara b ghajnejk. Dahhaltu il kultura li dejn mhux xejn u fallejtu pajjiz. Meta trid insemmu x ghamlu tajjeb il MLP u il PN u ghalkhemm illhom fil gvern kwazi 25 sena xorta il mizin ixaqleb lejn il MLP. L uniku haga li jekk titfahha fil mizin ixaqleb lejn il PN jekk inkejlu id dejn hemmhekk jiehu tisbita il mizin lejn il PN

Fran Abela

Jan 28th, 16:14

Judgement Day - what crap. On the 10th March we will know who will be in government and we will all live happily ever after.

J Martinelli

Jan 28th, 16:16

M Buhagiar, it is more likely that the LP is panicking.
How come 'new' warmed-over ideas always come hours or a day or so after the NP outlines its programme, backed by figures, costs etc? When will Joseph reveal the costs of the PS, who the investor is, technical details etc? When is his 'appropriate' time'?
The LP never came clean with the electorate & neither will it come clean this time.

J Martinelli

Jan 28th, 16:29

Leonard mela nsejt li fi zmien is-Socjalisti anqs qatra ilma ma kellna? Dawl jinqata (apposta) kulljum, xkafef vojta, tixhim biex tixtri televixin tal-kulur, tkissir tat-Times, id-dar ta EFA, l-Kurja, qtil politiku etc?
Lejn dan trid terga tmur? Tghidlix li l-PL inbidel ghax jekk thares harsa madwaru ssib li ghad hemm whud li kienu responsabbli ghal-hnizrijiet ta dak z-zmien.
Le lura ghal-passat!

C Bonello

Jan 28th, 15:14

Margaret, I think you meant Venom right? That is not a nice word to say to half of your maltese brothers and sisters. Think positive. Maybe blue for a nice blue sky. Which I do like a lot.

D. Ellul

Jan 28th, 15:49

Blue is peace and relaxing while red is danger and harsh

J Martinelli

Jan 28th, 16:42

Margaret, Nationalists are proud to have a different DNA than that of Lejburisti. Ask Mangion to explain.
Blue blood is often associated with royalty and aristocracy. No wonder (by coincidence no doubt) the NP coat of arms is topped by a crown. The NP sees no need to change it or its colours.
Envy will get the LP nowhere. Changing course though, would be as difficult as it was for the Titanic!

R. Saliba

Jan 28th, 16:50

Judging by your endless posts in here, everyone can see who is panicking.

J Martinelli

Jan 28th, 17:13

Because Frans, the LP's projects are just a pale copy of what the NP had already announced. Still no costs to their proposals while the NP's include rationales, cost & projected benefits. iPads as a toy or an educational tool for pupils? 600 million spent on an unnecessary PS? Incentives for women to return to work when they have existed for at least 3 yrs? How much taxes do p/timers pay now?

Leonard Brincat

Jan 28th, 13:22

Issa tiehux il penzjoni siehbi il bonus --il leave -- is sick leave etc etc ghax kollha il MLP ghamilhom
Imma kemm tirragunaw bazwi. biex nimxu il quddiem kull meta jinbidel il gvern irrid jibni fuq it tajjeb li isib anke jekk ikun ftit it tajjeb li isib min ta qablu.

Jason Borg

Jan 28th, 13:28

Today we are part of the EU, lets take all its benefits, not like the PN leaving 600M unused.

James Grima

Jan 28th, 14:16

What a silly comment. He's doing something about a situation that he has not put us in it himself and you're taking the mickey just because he was against it? Ara vera pajjiz tal mickey mouse!

C Bonello

Jan 28th, 15:20

Yes Jason, very true. If we left it in the hands of MLP, LP, Blue, Red, etc... ( I forgot what they are now as they are changing image so often) we would take the nice sum of 0.00 Million of benefits.

j camilleri

Jan 28th, 16:01

DON'T YOU GET IT, THAT SUCH IDIOTIC COMMENTS AND MENTIONING THE PAST IS ONLY SINKING THE BLUE PARTY?

J Martinelli

Jan 28th, 17:24

Prosit Leonard, kliem sbieh. Tajjeb li tibni fuq it-tajjeb. Allura Joseph ha jibni PS fuq dak li diga hemm ghax hemm bzonn, jew jibni ghax kienu jghidu li' l-Lejber qatt ma bena PS'? 600 miljun mahruqa bla bzonn. Spegali jekk hemmx verament bzonn ta PS iehor, forsi fl-ahhar naqbel mieghek. Gowzef jahbi dak kollu li ma jirbahlux il- voti. L-ghan tieghu hu biss li jilhaq l-izghar PM akkost ta kollox

Frans Aguis

Jan 28th, 13:53

Very good political argument.Almost worthy for NET news

Leonard Brincat

Jan 28th, 14:11

In our Blood my friend

James Grima

Jan 28th, 14:18

I've just commented on your other comment, saying it was silly. If I had seen this post before, I wouldn't have bothered. If colours are important for you in politics, you shouldn't be commenting. Grow up!

Leonard Brincat

Jan 28th, 12:56

Dik ghal Part timers li ikkolhom job u wara jghamlu part time allura taghmel sens. Ghax jekk taghmel part time bis u ma taqbiz is cieling ma thallas taxxa xorta
Issa taghmel sens sur Mallia??????????????????

mario gellel

Jan 28th, 13:04

Steve. mhux tablet tal Year 4 biss haqqek, imma terga tmur il Kinder gardens. Jitrahhas l-income tax fuq il part time ta min ghandu ukoll full time. Jew bl-istess argument, int u Gonzipn qed tammettu li hafna mil-impjiegi huma fuq bazi "Part time" ?????????????????

J Martinelli

Jan 28th, 17:37

Heqq, ghax issa stembah Joseph.
Tghid xi proposti godda mill pinna ta Karmenu Vella? Forsi rega ftakar, fil- politka li holqot qaghad esagerat fi zmienu u l-PL kellu il-wicc jimpjega 8000 mal-gvern biex inaqqas in-numru ta dawk bla xoghol?
Il-proposti tal-Lejber dejjem jigu wara li jhabbar tieghu il-PN. Kieku xi darba jkunu originali, u qabel ma jaqlu froga bhal dik tal-PS.
La morna, morna PL.

Eve Axiaq

Jan 28th, 13:25

Il PN ghamel il proposti minghajr costings ghax se jghamluhom wara qalu. Dik serjeta? Issa aqta kemm se jkunu costings reali!

David Spiteri

Jan 28th, 13:36

@Wilfred well said! And venture capital sounds so much better when it is coming from the EU as the Jeremie fund, and business tax credits as Micro-Invest .. it seems someone's not aware of what is already available to start-up businesses from the EU!!

pat muscat

Jan 28th, 14:03

@ Wilfred Camilleri. Its a question of credibility and this time round many people are not going to fall in the 2008 trap again!

Wilfred Camilleri

Jan 28th, 18:57

@ pat muscat But will they fall for the PL trap as they did in 1996?

Fran Abela

Jan 28th, 12:22

Sorry Mr. Magri - I have lost my patience now. If the road map has already been prepared why not publish the full electoral programme now. I know it covers a five year labour governance but then you expect that the Gonzipn should have fulfilled all the electoral programme/romises in the first year but the Malta Labour Party will do it in good time. Who are you fooling ?

Leonard Brincat

Jan 28th, 12:23

Well said 100% agree

Denis Pace

Jan 28th, 13:42

Thanks Michael....

Where does the "road" lead to???

This is "Supermarket" politics!
Roadmap= anything to win an election, but has to be well-planned. Throw in a few freebies, some discounts, a bit of gas and the fish will take the bait.

L Zammit

Jan 28th, 14:30

Ha ha. The road map leads you to the brick wall.Hilarious.

K Grech

Jan 28th, 14:39

Fran Abela you can lose your patience as much as you want, because with the PL electoral published or not published you still wouldn't care about it.

Denis Pace

Jan 28th, 13:43

Costings??/
as in the new power station costings.....We want serious technical reports , not Sunday Morning gibberish!

James Grima

Jan 28th, 14:20

Care to enlighten us please?

K Grech

Jan 28th, 14:44

Your comment is surely a consolidating one, and it also explains why PN's proposals (Half of 2008 electoral promises + some new) are better than those of PL. I am already envisioning what will be the future of Malta under PN at 10pm, washing machine sounds everywhere, seriously the energy promise is hilarious.. and who ever denies this needs some sort of mental surgery.

Denis Pace

Jan 28th, 13:44

Sounds too good to be true...

Actually, it sounds like "VAT" Labour

Roberta Sciberras

Jan 28th, 11:22

Hand outs you say? Have you read the PN electoral programme? If yes, what do you call this?
38. Mal-21 skopri pajjiż
Ewropew ieħor
Malli tagħlaq 21 sena tingħata għotja ta’
massimu ta’ €500 sabiex iżżur pajjiż Membru
tal-Unjoni Ewropea.....

Leonard Brincat

Jan 28th, 11:45

Imma mhux meta serqu il hut kollha u ma hallew xejn hlief dejn 6,000,000,000

Jason Borg

Jan 28th, 11:47

Labour is making an incentive, where tax evation will be lowered, more money in the peoples pocket, without making pressure on the governments funds. Proposals that fund themselves like the energy plan, and the Chilcare centres. While GonziPN is making proposals already made in the past and were not done.. One choice.....

Pierre John Agius

Jan 28th, 12:06

Absolutely right.

Fran Abela

Jan 28th, 12:27

Leonard Brincat - the Malta Labour Party is always harping about the 'dejn'. Look around you man, and see where the 'dejn' is or would you rather that Malta has still not enough water, electricity, a good telephone system and internet connections, etc. Can you in all honesty not accept the fact that Malta has been upgraded and see the difference unless you do not want to see in any way.

Leonard Brincat

Jan 28th, 12:47

@ Frans Abela.
Taf fejn qieghed id dejn gol bwiet tal hbieb tal hbieb .......u hallina sur Abela u kun onest serqu kollox u ma hallew xejn. Lanqas din ma tammettu? Allahares ma ghamlu xejn tajjeb daqs dak dejn. Ma naf ghalfejn twegga daqshekk meta insemmu id dejn. Nahseb li verita

Leonard Brincat

Jan 28th, 12:52

Sur Abela

U din li issemmu upgrade tal hajja again allahares ma imxejniex il quddiem mohkhom biex issemmu il mobile l-internet mhux bilfors ahjar illum qabel mobile kien daqs kwardarobba illum daqs naqra..........imma dak zvilup taz zmienijiet messek semmejt il plots il flats u il masoinettes li kienu jinataw fiz zmien MLP u nassigurak li hafna nazzjonalisti hadu min dawn.

Denis Pace

Jan 28th, 13:46

Leonard Brincat....
By your reasoning, you will be voting PN because the last MLP government had increased our national debt...Minn hofra ghal barriera!

Fran Abela

Jan 28th, 14:12

Leonard Brincat - allur qed tammetti li saru affarijiet tajbin - semmihom mhux biss issemmu il hazin. Izgur li kien hemm affarijiet hzina, kull min jaghmel xi haga jista jizbalja. Sabieh toqod gallerija u issemmi biss l'affarijiet hzina. Iva inwegga meta issemu id-dejn ghalix hemm affairjiet ohra li tisghu issemmu imma mhimtomx onesti. Issa il Malta Labour Party ...ikompli

K Grech

Jan 28th, 14:46

Roberta Sciberras??? Dawk il 500 jkunu l flus li seraqlek sakemm kin fil parlament id dotore Gonzi.

Joseph Mifsud

Jan 28th, 11:37

No.1 8th March is no talks on politics day....no2 giving out in small amounts helps the electorate to evaluate calmly the single proposal and not messing up all proposals together like the PN did. How many proposals do you remember from PN's elec prog and how much from PL's. I bet PL's more.

Denis Pace

Jan 28th, 13:46

You will get the rest after the election.....

Alex Falzon

Jan 28th, 11:16

still being typed i guess...

Fran Abela

Jan 28th, 12:19

Please do not rush them - most probably they have not finished it yet and they are slowly but surely giving us one item at a time. By the time we know what is really in the Malta Labour Party electoral programme - say on the 7th March - it will be too late for anyone to criticise it or work it out. Same old Labour they want out trust but they do not trust us.

Fran Abela

Jan 28th, 12:29

Please please do not rush the Malta Labour Party - all in good time - say by the 8th March they will publish their electoral programme but by then it would be a tad too late for us to go through it as others are doing, now and rightly so, with the PN electoral programme.

Denis Pace

Jan 28th, 13:47

It is "work in progress"....Give us time!

Jamie Iain Genovese

Jan 28th, 12:35

lol

Name one instance where few-to-no taxes has helped any economy, ever.

A Spiteri

Jan 28th, 13:53

it's hard to find any example, cause in the last 100 years or so, we gave up on the idea of a free society to the doctrine of big government keynesianism...

still,there's no reason to laugh at my comment!

Joseph Mifsud

Jan 28th, 11:34

Jekk ma tifhimx din mela ahjar tibqa mal-partit tieghek

Jekk int tgholli is-'ceiling' tat- taxxa dak li jkun jahsibha darbtejn qabel jevadi t-taxxa. Ghax ovjament la ha jaghmel din il-mizura zgur ha jzid il-kontroll fuq dak is-settur u cans li taqla xi multa gholja tkun ikbar. Allura jekk taghmel 2 kontijiet malajr tinduna li jaqbillek tiddikjara flok tevadi....precisament ghax issa ha tiffranka

Jason Borg

Jan 28th, 11:53

If You pay less, for part time work , you are motivated to work legally not illegally , because the cost are not that high. And you would not risk police measures. Currently the tax is high that at the moment , The EU calculates there is between 300M and 500M in tax evation in malta, this will be reduced, increasing the income of the government and the money in the pockets

Denis Pace

Jan 28th, 13:50

Min irid jevadi t-taxxa, ma jinteressahx ic-celing. Normalment, mhux mill-impjegat tigi!

Denis Pace

Jan 28th, 13:51

I fail to see beyond the bling and flashy colourings.

Joseph Mifsud

Jan 28th, 11:27

@Byron

Dan x'ragunament huwa?? Min qallek li b'hekk tinkoragixxi il p'time?? Din il mizura qeghda biss ghal dawk li apparti jkollom il full time taghhom, ikollom anki l-ptime + il-hafna studenti li jahdmu p'time biex ikampaw mal-hajja. Jonqos anki kemm l-isfruttament u l-evazjoni fiskali. Din il mizura qed tincentiva li dak is settur jigi regolarizzat iktar ux.

Denis Pace

Jan 28th, 13:52

Grazzi....inhallsu ahna li nahdmu full-time. Le, Grazzi

R. D'Emanuele

Jan 28th, 11:47

P2

wkoll bhal ma nassumi li inti taf, skont li-stess nies dawn qalulna li hawn il-maltemp u lil polplu tawh €1.08c biex jikkumpensaw ghal dan u wara kollox waqt li huma hadu dawn iz-ziddiet.

umbghad wara bil-wicc kollu u bl-impressjoni li qijsu xejn ma hu xejn, u l-stess dawn huma li stess nies li jigu hawn u jghamlu l-wegħdiet li ha jghatu l-manna lil kulhadd!

R. D'Emanuele

Jan 28th, 11:49

P3
Jien nahseb kulhadd jaf minn huma l-aktar li rridu jidrhu helwien mal-poplu u jghamluha ta christmas father.

ikber habieb u kun Malti u mhux tara bahz-zwiemel ghax dan il-pajjiez ghalhekk qieghed fix qieghed u mifrud, , u ghameti li l-partit ghandu bzonn tindifa papali mill-eruq ghax jekk jitla l-PL opozizzjoni f'sahhieta irrid issib u mhux glied intern, at least ghal gid ta Maltin kollha.

R. D'Emanuele

Jan 28th, 11:50

P4

U inti u nies li qed jaqra dan il-blog tahseb li irridu joqodu jisimu li-stess diska u wedghit ta kull elezzjoni, u tal-affarijiet li graw 50 sena ilu?, dak ma jidirlekx li hu sinjal car li ma hemmx pjan u vizzjoni konkretta ghal futur? u wara kollox li jibaghad sinjal ta paniku li cittadin ta bla partit (Floaters)???

R. D'Emanuele

Jan 28th, 11:52

P5
xi tghid fuq dawn l-affarijiet li saru ?

Ask Go workers
Ask Hunters
Ask Air Malta workers
Ask Malta drydocks workers
minn ha €500/€600 behind the citezens back

R. D'Emanuele

Jan 28th, 11:54

P8

u kulhadd jaf li hemm aktar..... imma ha nieqaf hawn.

ex.




Denis Pace

Jan 28th, 13:54

@R. D'Emaunuele.

S'issa, JM rikeb fuq il-karru tal-PN u qed jipprova jtejjeb.
Dak li ghalik huwa negattiv, ghal hafna li jhallsu t-taxxi, fil-fatt, huwa posittiv...
Ask Go workers
Ask Air Malta workers
Ask Malta drydocks workers

Ask the taxpayer!!!

Jason Borg

Jan 28th, 11:48

That fund themselves unlike GonziPN

Jeffrey Mallia

Jan 28th, 12:26

Dont you remember 29 days ago, when your clan use to hammer the PL " Bla proposti " ??............So hold your breath, because there's many many more...............

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