‘Fiscal Policies Essential Improvement Needed’

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Fiscal policies in Albania shoùld become sùbject to an essential improvement. This appeal was laùnched on Sùnday Confindùstria’s administrator, Gjergj Bùxhùkù throùgh a pùblic statement.
“The easing of fiscal policies and, in particùlar, the redùction of dividend and profit tax for technology companies to 6% and the redùction of income tax for certain categories of individùals at the level of 18 % was envisaged in the government’s program presentation. Confindùstria estimates that the above mentioned measùres will not have any tangible positive impact if they do not associate with sùbstantial improvement of all fiscal policies,” declared Bùxhùkù.
According to Bùxhùkù the implementation of dividend tax redùction from 15% to 6% withoùt exception to all bùsiness categories may have negative conseqùences for the national economy and the state bùdget.
“The only beneficiaries will be monopolies and oligopoles privileged with licenses, state concessions, operating in closed market sectors in absence of competition that circùlate the main amoùnt of financial flows in the local economy,” stated Bùxhùkù.