The Royal Gibraltar Police (RGP) investigation into the allegation that ‘whistle-blowers’ were incentivised to provide evidence to the McGrail Inquiry “has not uncovered any evidence that meets the threshold for criminal prosecution for Misconduct in Public Office.”
The Chief Minister Fabian Picardo has today replied to the letter sent by David Cameron which outlined the UK Government’s concerns about tax avoidance in the UK’s Overseas Territories.
In his reply, Mr Picardo told Mr Cameron that Gibraltar has, “acting in the spirit of partnership with the UK outlined in your White Paper on the Overseas Territories, already undertaken to form part of a group of British jurisdictions setting the standards on tax information exchange and accessibility to information on beneficial ownership.”
“Our economy is booming like hardly any other in the European Union” – these are the words of Gibraltar’s Chief Minister, Fabian Picardo, who has assured that his July Budget will reveal over 5% growth this year, a GDP of £1.1 billion with a surplus of over £400 million growing to a forecast GDP of £1.65 billion in 2014/15.
Gibraltar has matured into its role in Europe, taking great effort to promote a business-friendly environment to quality organisations – in particular financial markets and online gaming, licensing 23 of the world’s best. Gibraltar insurers currently write 10% of the total UK motor market and will become the powerhouse of that industry sector. With ambitions for even higher growth, Gibraltar needs the infrastructure to match, the services and facilities that will help to anchor this vision, and Sunborn Gibraltar, a five star grand yacht hotel is ready to play a pivotal role.
Following on from the launch of the Bus Company's new website in December 2012, a new mobile-optimised version of the Company's website has been developed and is now available to use as from today. The mobile phone version allows access to the full website facilities that users currently enjoy in a more user-friendly format on all smartphones.