IMF Urges Albania to Raise Taxes

balkan insight
24 JUN 2011 / 11:59

Funds tells Albania to increase taxation and cut expenditures to close debt gap - but Tirana government does not appear to be listening.

Gjergj Erebara Tirana
“The flat tax can be raised to 12-15 per cent, [from the current 10 per cent] as a way to cut the deficit and the stock of public debt,” IMF representative Gerwin Bell said on Thursday in a joint press conference with Albania’s Minister of Finance Ridvan Bode and the Governor of Albania’s Central Bank, Ardian Fullani....more...
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