According to historical data, the minimum wage in Albania has had an interrupted and politicized history since the 1990s. Initially, it was set to define a minimal standard of living after the transition from a planned economy to a free...
According to the World Bank's latest analysis of the shortcomings and achievements of the economies of the Western Balkans, they seem to be learning from the fact that “they are subject to increasing pressures on their external sectors in...
According to the Business and Consumer Confidence Survey (BCCS)[1], for the month of May 2024, reported by the Bank of Albania[2], it is stated that "The Economic Sentiment Indicator[3]] in May 2024 marked a...
The distribution of budget revenues must take into consideration the demands of individuals, families and their own businesses, who, in the role of direct and indirect taxpayers, claim equal proportional benefit. According to this request, which comes naturally as a...
An investment in which no profit is generated, or less profit is realized than programmed is considered a bad investment. But an investment that also produces negative effects on taxes and fees, as well as budget costs from waste and...
Albania has trade relations with the entire world, but it has important trade relations with European countries, with the USA, as well as with Asian countries. Due to completely different tax systems (as in the case of the USA or...
The key problem is to balance the objective of applying taxation to the non-governmental organizations (NGO) sector as a source of revenue with the prevention of distortions that arise under the exemption system. Revenue-short countries should in principle apply VAT...
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 current consensus on indirect tax reform in developing countries favors a reduction in trade taxes with an increase in VAT to raise revenue. The theoretical results on selective reform that underlie this consensus are, however, derived from partial models...
Many advanced economies are struggling with low productivity and potential growth, coupled with high debt and limited fiscal and monetary policy space. Structural differences between the services and industry can fully explain the higher levels of allocative inefficiency in the...
