Post by account_disabled on Mar 6, 2024 4:51:12 GMT -5
Even this year, as during the last two decades, foreign companies operating in the Albanian market continue to transfer their profits abroad, a right guaranteed by the Albanian legislation in force and by the international conventions in which our country is a pair. Thus Monitor, based on the data of the Bank of Albania, reports that foreign companies, only during 9 months of 2019, have officially withdrawn (in a formal, banking way) mainly in the form of profits, reaching 380 million Euros, with a an increase of 30% compared to the same period a year ago, as well as being the highest level of transferred profits, even surpassing the period 2008-2010.
But according to the data of the Bank Cambodia Telegram Number Data of Albania, it is known that the outflow of money in this form outside the country is closely related to the investments abroad of foreign companies operating in the Albanian market, as well as to the favorable policies that the Albanian government has followed towards them during in recent years, where the reduction of the tax on undistributed dividends dominates for several years, a very controversial policy as clientelistic and favoring, but also undertaken in violation of the laws in force. Meanwhile, from a previous Monitor report for the past year, the companies with the highest rate of profit (which receive back more than half of the income realized during the year) remain the concessionaires together with the entities that work with public tenders .
But after this, some questions and points of inquiry cannot but arise which, unfortunately, do not receive answers. Read also: "Freedom House" report on Albania/ Paloka: Rama immersed in corrupt affairs "The government immersed in corrupt affairs"/ Çupi: Rama uses the Summits for personal creed First, it is easy to notice the fact that the sectors and companies from which these staggering profits are made, which are later exported abroad, are all from sectors regulated by the state. That is, in implementation of the western experiences in the strategic sectors of the privatized public economy, such as telecommunications, mining, etc., specific regulatory entities for each sector have been established and are operating.
But according to the data of the Bank Cambodia Telegram Number Data of Albania, it is known that the outflow of money in this form outside the country is closely related to the investments abroad of foreign companies operating in the Albanian market, as well as to the favorable policies that the Albanian government has followed towards them during in recent years, where the reduction of the tax on undistributed dividends dominates for several years, a very controversial policy as clientelistic and favoring, but also undertaken in violation of the laws in force. Meanwhile, from a previous Monitor report for the past year, the companies with the highest rate of profit (which receive back more than half of the income realized during the year) remain the concessionaires together with the entities that work with public tenders .
But after this, some questions and points of inquiry cannot but arise which, unfortunately, do not receive answers. Read also: "Freedom House" report on Albania/ Paloka: Rama immersed in corrupt affairs "The government immersed in corrupt affairs"/ Çupi: Rama uses the Summits for personal creed First, it is easy to notice the fact that the sectors and companies from which these staggering profits are made, which are later exported abroad, are all from sectors regulated by the state. That is, in implementation of the western experiences in the strategic sectors of the privatized public economy, such as telecommunications, mining, etc., specific regulatory entities for each sector have been established and are operating.