Big Banc Split Corp T.BNK

Banana Republic

[nick12]

According to the Regional Anti-Corruption Initiative, based in Germany, Albania is one of the most corrupt countries in Europe and the most corrupt in the Balkans.The Organization for Security and Cooperation in Europe (OSCE) has confirmed the authenticity of an internal report that Prime Minister Edi Rama stashed € 200 million in offshore bank accounts allegedly stemming from corrupt practices, including bribes taken in exchange for construction permits when he was mayor of Tirana in 2000 and 2001.It also contains press reports claiming that parliamentary spokesman from the ruling Socialist Party, Ilir Meta, so called The Red Mafia ,was linked to organized crime groups and had ordered two contract killings. After investing  over 1.7 billion dollars in Albania, now the authorities refuse to recognize as valid cost a considerable amount , and therefore require the company to pay tax on the profits of activity , according to the concession contract tax is 50 percent .
Sorry Bankers , but you have a big fight ahead.The crooks don't need bribery anymore they need you out..

[braincloud]

This doesn't come as any surprise. Still any government needs legal sources of income. These Mafia like organizations don't pay tax. Ithere are very few countries in the world where there isn't some form of corruption. Take Columbia for example. It no different there. Look, this may take a like all to its own, but I doubt it. The play book they both signed. Sure they can try to breach

[braincloud]

Further to the corruption issues. One must bear in mind that Albania has outstanding loans to the IMF that could be impacted should this dispute not be settled through the ICC. BNK is the largest corporate tax payer in the country by a very long shot. Royalty revenues are down with oil just like it is for everyone else. Maybe they wiish oil prices were higher just like the rest of us. Further the

[Bankorruptsee]

That's what I figured. I am confident that the Albs will back it down fast. Nobody could be so stupid as to let this fester for long. Whomever it was that wanted to make noise, the noise has been made. So now everything has a price to be paid, and the price to be paid for this little excercise is a bowl of humble pie for supper. And the Albs will eat it this week.