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President turns down legal changes allegedly easing gambling tax burden

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8 years ago
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The following is an updated version of the online article that appeared earlier on Wednesday, Aug.1   TIRANA, Aug. 1 –  Albania’s President has turned down some legal changes to the gambling tax by exercising his suspensive veto, arguing the proposed amendments reduce the tax burden for gambling operators and fail to discourage what is considered a booming business in the country with negative effects for one of Europe’s poorest countries. The president’s office argues the legal changes approved by the ruling Socialists in early July cut the gambling tax to 15 percent of gross earnings compared to a current…

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Story Highlights

  • “The promotion of this business model through an easier tax regime has a negative effect on the state budget, is harmful and no productive at all for the Albanian economy, is not based on sustainable socio-economic arguments and does not guarantee a healthy development of the Albanian society,” argues the president

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