Malta's Role in Global Tax Avoidance Highlights Oligarchic Trends
Malta has become a focal point in discussions about global tax avoidance and evasion, serving as a low-tax jurisdiction that attracts significant foreign direct investment through shell companies. This practice allows corporations to shift profits to Malta, where corporate tax rates are effectively zero. The phenomenon contributes to a broader trend of declining effective tax rates on capital, exacerbating income inequality and oligarchic power structures. The European Union has made some efforts to address tax avoidance, but implementation remains weak, and the U.S. has withdrawn from international agreements aimed at curbing tax havens. 
