Companies may avoid tax by charging excessive financing costs. CIT is most likely to be at risk, because finance costs are generally deductible, whereas equity financing costs are not. Some countries may negotiate generous interest deduction rules as a deliberate...
The introduction of Value Added Tax (VAT) will have a profound impact on the financial services sector in Albania, if the lawmakers will think about as a new horizon for budget revenues and with a wide ranging economic impact. (more…)
The main goal of small business taxation reform is to further participation in the formal economy and build a culture of compliance. Yet in Albania we do have important non-tax barriers to formalization. Minimizing compliance cost goes beyond taxation issues and...
The way we think about the industrial revolution, our grandchildren may well look back on the first quarter of the 21st century as the digital revolution. (more…)
There are multiple reasons for adopting VAT Automation. There is an increased complexity of Value Added Tax (VAT), regulatory pressure on risk management and control, increased attention to VAT by Tax authorities globally, too many transactions to maintain in control,...
The nature of social and economic reality shape fiscal outcomes moves reality to conform more closely to such perceptions, thus reinforcing the initial ideas. (more…)
At the time it was conceived, GDP was a useful signpost on the path to a better world: a path where increased economic activity provided jobs, income, and basic amenities to reduce worldwide social conflict and prevent a third world war.
In any system, democratic or nondemocratic, taxation is of course always and everywhere a contested concept. Some pay and some do not. Some pay more than others. Some receive compensating services; some do not. Such matters are and in democratic states, can be resolved...
Albanian economical - financial 'lions', or Albanian oligarchs, are the embodiment of Albania’s transition to capitalism. In contemporary Albania, the term denotes a large-scale businessman who controls resources sufficiently vast to influence national politics. The first mention of oligarchs was probably made...
A primary tenet of good governance is that of a professional public service in which its leadership exercises its powers and responsibilities effectively and ethically and is held to account when transgressions occur. (more…)
