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.
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