Malta-based firms’ shares slide after OECD corporate tax deal

Island nation’s tax rate on international companies’ profits set to leap 200% from 2023

Online gambling companies headquartered in Malta saw their share prices slide on 11 October after a 15% minimum corporate tax rate agreement was struck by the Organisation for Economic Co-operation and Development (OECD). On Friday 8 October, 136 countries and jurisdictions representing more than 90% of global GDP agreed to what was described as a…

Corporation Tax | Evolution | Finance | Kambi | Kindred Group | Malta | Shares