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Expert Says Armenia Needs Progressive Taxation System

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  • Expert Says Armenia Needs Progressive Taxation System

    EXPERT SAYS ARMENIA NEEDS PROGRESSIVE TAXATION SYSTEM

    ARKA
    June 9, 2008

    YEREVAN, June 9. /ARKA/. A system of progressive taxation should
    be established in Armenia providing different taxes for different
    sections of the population, Director of the Centre for Political,
    Economic and Legal Studies Andranik Tevanyan expressed such an opinion.

    Meanwhile, the expert said, new approaches should be used in developing
    the legislative mechanisms necessary to make businesses taxable.

    "Intensifying the tax burden is not the right solution, since it will
    eventually lead to inflation on the domestic market. We had better
    set optimal tax rates," he said.

    A few days ago the Armenian government presented to public discussion
    a comprehensive program for improvement of tax administration. Seven
    priority tasks have been specified - correct and full taxation of large
    businesses, milder tax administration in relation to smaller companies,
    combating corruption in tax sphere, introduction of the principle of
    conscientious fulfilment of tax liabilities, introduction of a new
    tax supervision policy, introduction of new management schemes and
    development of information technologies.
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