Government report: Tax benefits of Arrow’s companies were automatic – Daily News – Lisbon

Tax benefits to the company where Maria Luís Albuquerque went to work were provided by law, says report

Government report reveals that companies linked to Arrow Global, a company that now employs the former Minister of Finance Maria Luis Albuquerque, received tax benefits provided by law in the amount of 424,000 euros in four years, writes the Lusa Agency. The report sent to Parliament’s Ethics Subcommittee, quoted by Lusa, adding that there is no record of contractual links between the state and business, and the benefits received by these companies were automatic.

In the report tax authority read that companies White Star Asset Solutions and Gesphone acquired by Global Arrow in 2015, had tax benefits in Portugal worth almost 424,000 euros in four years, but all prior to the purchase by the company that employs Mary Louis Albuquerque

According to Lusa, can be read in the document:. “it was not found possible to register a legal or contractual relationship between the Portuguese State and the undertakings”, and the tax benefits to these two branches the Arrow were provided by law. With the proviso, however, that this applies only to these two companies, not all subsidiaries of Arrow Global.

The report was prepared in response to a question from Assembly Members on the relationship between the State and the British company Arrow, and its newly acquired filais while Maria Luís Albuquerque was finance minister.

If there were any contractual benefits between the state and companies linked to the Arrow, Maria Luís Albuquerque would be prevented from accepting the post of managing non-executive in the company, for violating the mandatory “disgust period” which lasts three years.

Ethics Committee report receiving confirms

According to the chairman of that committee, the deputy of the PSD and former minister Marques Guedes, parliamentarians will now decide on the “timing” of the review process of the professional situation of the former head of the Finance folder and the relationship Arrow of Global companies with the Portuguese State at the next meeting, scheduled for Wednesday at 10.30.

“We will make a progress point on the draft opinion on when it might be completed. I think the latest early next week is a reasonable time. Also, as asked Mrs own, we will analyze the rapporteur [deputy PSD Paul Rios de Oliveira] about the possibility of being heard in the committee itself, “he told Lusa Marques Guedes.

PCP and BE, with subsequent agreement PS, PSD and CDS-PP, had requested information from the government, particularly the Ministry of Finance on possible financial support or tax benefits, namely Banif bank however privatized precisely with the British conglomerate concerned.

With Lusa