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Hrant Bagratyan on refusal of his bill on regulation of off-shore
companies' activities
14:45 - 08.06.13
Armenia's former PM Hrant Bagratyan, Armenian National Congress
faction MP, considers the working style of the government a paradox -
one on hand it refuses a bill, on the other it writes that such bills
correspond to the strategy adopted by the government and that they are
ready to cooperate with Bagratyan.
`I ask them what corresponds to your spirit, they say `nothing',' the
MP told Tert.am, adding that the government says and writes such
sentences for the outside audience.
The Armenian government gave a negative conclusion to Bagratyan's bill
on `Regulation of Activity of Armenian Mining Companies Registered in
Off-Shore Zones'.
He said he has one explanation why the government has refused his
bill. `May be they are afraid that something will be revealed,'
Bagratyan said, asked why the government refused his bill.
The bill envisages ban of the participation of companies registered in
off-shore zone in the exploitation of Armenian mines, production and
export of raw material or ready-made products from January 1, 2014, as
well as sale of the products made from the raw materials to the
off-shore companies.
The ban relates to the purchase of raw material, devices, technology
financial and other services from off-shore companies.
The bill has been designed to fight against shadow.
`The example of mining companies operating in Armenia shows that very
often they sell the ready-made product to the off-shore companies
belonging to them with low prices and then re-sell it at higher prices
to the final buyer,' Hrant Bagratyan said.
According to Bagratyan's calculations, as a result of it all instead
of possible $1.5 billion gross turnover we have $500 million and
instead of $400-450 billion budget entries we have $75-80 million.
Bagratyan said the adoption of the bill would have allowed to sharply
cut the shadow in the mining sphere.
Armenian News - Tert.am
companies' activities
14:45 - 08.06.13
Armenia's former PM Hrant Bagratyan, Armenian National Congress
faction MP, considers the working style of the government a paradox -
one on hand it refuses a bill, on the other it writes that such bills
correspond to the strategy adopted by the government and that they are
ready to cooperate with Bagratyan.
`I ask them what corresponds to your spirit, they say `nothing',' the
MP told Tert.am, adding that the government says and writes such
sentences for the outside audience.
The Armenian government gave a negative conclusion to Bagratyan's bill
on `Regulation of Activity of Armenian Mining Companies Registered in
Off-Shore Zones'.
He said he has one explanation why the government has refused his
bill. `May be they are afraid that something will be revealed,'
Bagratyan said, asked why the government refused his bill.
The bill envisages ban of the participation of companies registered in
off-shore zone in the exploitation of Armenian mines, production and
export of raw material or ready-made products from January 1, 2014, as
well as sale of the products made from the raw materials to the
off-shore companies.
The ban relates to the purchase of raw material, devices, technology
financial and other services from off-shore companies.
The bill has been designed to fight against shadow.
`The example of mining companies operating in Armenia shows that very
often they sell the ready-made product to the off-shore companies
belonging to them with low prices and then re-sell it at higher prices
to the final buyer,' Hrant Bagratyan said.
According to Bagratyan's calculations, as a result of it all instead
of possible $1.5 billion gross turnover we have $500 million and
instead of $400-450 billion budget entries we have $75-80 million.
Bagratyan said the adoption of the bill would have allowed to sharply
cut the shadow in the mining sphere.
Armenian News - Tert.am