The American Chamber of Commerce in Albania expresses its concern over the fiscal amnesty bill, which has entered the public consultation phase, at a sensitive moment of Albania's EU membership.
Our assessment is that the draft law does not provide sufficient guarantees that individuals implicated in criminal activity will be excluded from the amnesty.
If passed, the legislation would undermine efforts to improve the business and investment climate by rewarding unfair competition. We also estimate that Albania's position in international monitoring programs on money laundering would be jeopardized and, as a result, the country's reputation would be weakened.
As a conclusion, the American Chamber of Commerce in Albania states that the risks of the new draft law significantly exceed its benefits and recommends the withdrawal of this initiative.