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OLIGARCHS WILL EXPLOIT MORE RUTHLESSLY
JAMES HAKOBYAN
Story from Lragir.am News:
http://www.lragir.am/engsrc/economy24293.html
Published: 11:32:08 - 23/11/2011
Assessing Armenia's foreign debt service prospects negatively,
Moody's reported the risks to which the Armenian economy will be
exposed during the second wave of the international economic crisis.
The minister of finance of Armenia Vache Gabrielyan announced on
the Public Television that the Armenian government has taken account
of the possible risks of the second wave of the crisis in the draft
budget for 2012.
In this case, isn't it a risk to boost revenues by an unprecedented
101 billion drams under the draft budget for 2012?
Of course, even the World Bank experts claim that the shadow economy
of Armenia is able to pay much more than 101 billion drams, namely
240 billion drams but is the year of crisis risks the right year to
set to harvest the tax potential of the tax potential.
In addition, it does not matter whether this potential will be
harvested from major companies or SMEs. The point is that with
structural imperfections and high corruption risks in public
administration, a high level of cancerogenic coalescence, the fight
against shadow profits of major businesses finally crushes on the
head of ordinary citizens.
The problem is that major businesses either boost prices or the work
load of the labor, ruthlessly exploiting it.
Hence, the most rational way of taking into account the risks in
the crisis year would be to deepen or at least to launch structural
reforms, reduce corruption risks and protectionism promoted by the
coalescence of business and government in view of hitting social
targets rather than boost tax revenues.
In fact, change in quality may lead to increase in quality but
the declaration to increase quantity usually affects the quality
of performance.
JAMES HAKOBYAN
Story from Lragir.am News:
http://www.lragir.am/engsrc/economy24293.html
Published: 11:32:08 - 23/11/2011
Assessing Armenia's foreign debt service prospects negatively,
Moody's reported the risks to which the Armenian economy will be
exposed during the second wave of the international economic crisis.
The minister of finance of Armenia Vache Gabrielyan announced on
the Public Television that the Armenian government has taken account
of the possible risks of the second wave of the crisis in the draft
budget for 2012.
In this case, isn't it a risk to boost revenues by an unprecedented
101 billion drams under the draft budget for 2012?
Of course, even the World Bank experts claim that the shadow economy
of Armenia is able to pay much more than 101 billion drams, namely
240 billion drams but is the year of crisis risks the right year to
set to harvest the tax potential of the tax potential.
In addition, it does not matter whether this potential will be
harvested from major companies or SMEs. The point is that with
structural imperfections and high corruption risks in public
administration, a high level of cancerogenic coalescence, the fight
against shadow profits of major businesses finally crushes on the
head of ordinary citizens.
The problem is that major businesses either boost prices or the work
load of the labor, ruthlessly exploiting it.
Hence, the most rational way of taking into account the risks in
the crisis year would be to deepen or at least to launch structural
reforms, reduce corruption risks and protectionism promoted by the
coalescence of business and government in view of hitting social
targets rather than boost tax revenues.
In fact, change in quality may lead to increase in quality but
the declaration to increase quantity usually affects the quality
of performance.