Reuters on 28th May reported that Albania’s under-resourced government has signed a deal with accounting firm Ernst & Young o to get hands-on help in fighting rampant tax evasion and other economic crimes.  The black economy in Albania is estimated to be worth about a third of its GDP despite a government campaign to get everyone to issue receipts for all goods sold. Tax evasion amounts to nearly 8% of GDP, or €810 million, equal to 6 times the defence budget, a 2017 study showed.  The Ernst & Young team will be led by an American who has worked for the FBI and a German who managed his country’s economic crime unit.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: