Gibraltar’s representation at the Labour Party Conference continued yesterday evening with the Gibraltar Reception hosted by the Chief Minister Fabian Picardo and featuring a keynote speech by the UK Minister for Europe and the Overseas Territories Stephen Doughty MP.
In the latest exchange over Gibraltar’s power generation and distribution problems, the Government has said that an internal expert report from 2005 urged the then Government to “act now” while warning that the existing attitude of “praying” and keeping their “fingers crossed” was not an option in relation to a network which was falling apart.
The Government has formed a working group of Industry professionals to review the Category 2 individual programme, which aims to attract high net worth individuals to Gibraltar. The formation of the group was formally discussed by the Chief Minister in his budget speech, pledging to ‘work with the private sector to review, update and ensure that the products available to the Finance Centre professionals are fit for purpose and relevant in today’s world economy.’
The GSD Opposition says it wishes to express its “very serious concern” at the announcement by the EU Commission regarding the investigation of Gibraltar’s tax regime in relation to certain tax rulings issued by the Income Tax Office.
The World’s largest betting exchange, Betfair has insisted that it will uphold a presence in Gibraltar, following the recent exit of two Directors. A report in eGaming Review claimed that the company’s Gaming Director and director of VIP left early this week, with the sports VIP director also pegged to leave.