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Maltese real estate is in a bubble (Change my mind)

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> 5. The 5% refund will soon be abolished (Caruana), we don't know when yet but it's quite certain.
(If you didn't pay 5% there would be no point in staying in Malta as a company)

Can somebody explain what this is? I googled Caruana Malta with no luck.

https://www.maltatoday.com.mt/news/...ul_corporate_tax_regime_in_major_policy_shift

Malta to overhaul corporate tax regime by 2025 in major policy shift​

Malta’s corporate tax regime is in for a major overhaul and the new structure and rates will be adopted for the basis year 2025, Finance Minister Clyde Caruana says​

https://newsbook.com.mt/en/cassola-...ion-for-local-and-foreign-companies-in-malta/

Cassola proposes equal corporate taxation for local and foreign companies in Malta​

With the recent publication of a new legal notice transposing the EU directive on corporate taxation into Maltese law, Cassola’s proposition seeks to address the existing tax rate disparities that have long been a point of contention for business lobbies and tax justice campaigners.
Cassola condemned the prevailing situation wherein Maltese companies face a 35% tax rate on their profits, while foreign counterparts often benefit from rebates, ultimately paying as little as 5%.

In any case, pressure from the EU is very strong. Also in light of the fact that a "domiciled Maltese" pays 35% cit which is madness, while the non-dom pays 5%.
The fun is over and a cit between 10%/15% is presumed?
Furthermore, see also the new EU directive on shell companies... 99% of holding companies requesting reimbursement...


Everyone knows that the game will end sooner or later, in fact they are also right to squeeze in as much as they can at this point.