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Mar 11 - Debt Continues To Hit Record Highs Says GSD

The Leader of the Opposition has today said that Government Net Debt continues to hit record highs. In addition, the GSD says “it is now clear beyond any argument that the Government is using Credit Finance Company Limited and the Gibraltar Savings Bank (“the GSB”) in order to fund its expenditure and projects.”  As a consequence,says the Opposition, the combined debt of this community is around £800 million, which it says it “nearly twice as much as the amount the Government could legally borrow if it did so directly.”  The GSD says that these “eye watering figures” are all the more remarkable given that in 2011 Mr Picardo claimed that the GSD was “addicted to debt”, when net debt was £240 million.

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Mar 11 - Conference to Demystify FATCA and Tax Investigations

news Leading global law firm Latham & Watkins and leading Isle of Man law firm Dougherty Quinn (“DQ”) will be running their successful “Global Tax Investigations & FATCA in practice” conference in Gibraltar on 25 March 2015, in conjunction with The Gibraltar Association of Compliance Officers (“GACO”) and the Gibraltar Funds and Investments Association (“GFIA”).

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Mar 11 - More Things I Think About (When I Think)

By Stefano Blanca Sciacaluga

I haven’t really had much time to think lately, especially because I have a lot of things to think about; and I tend to shut down, get in bed and hope I can solve all my issues during my morning shower. Last October I wrote a bunch of things I had been thinking about and as I mentioned then my morning routine is when I think best, so here are a few more things I’ve thought about probably sometime between 7am and 9am.

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