INTERVIEW
Confessions of a business icon

After having inherited the throne to his father’s thriving automotive and property business, Joe Gasan dabbled in so many sectors that by the 1980s, he earned a reputation as Malta’s king of start-ups. Many ambitious characters with bright business ideas were introduced to him, and if he liked them, he went ahead and formed partnerships - hence the expression used by Maltese folk when faced by unaffordable offers: ‘Who do you think I am? Joe Gasan?’ Interview by DAVID DARMANIN >>

EDITORIAL
VAT Fraud and persistent injustice
As the country awaits with bated breath to learn the details of the million euro fraud at the expense of the VAT Department, hundreds if not thousands of people who have had to pay exorbitant fines to the same tax collector or to the courts as a result of administrative neglect or failing, find themselves reliving the burning frustration experienced when they fell foul of the law >>

OPINION
George M. Mangion
Reforming “Fair Value” accounting
Without any doubt the concept behind Fair value accounting does have its weaknesses and in light of the number of bankruptcies that have of late hit banks it is not a moment too soon to see whether as unfairly quoted it can be blamed for such a bad state of affairs. >>