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Competing With Armenia's Tycoons Is Hopeless Case - Economist

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  • Competing With Armenia's Tycoons Is Hopeless Case - Economist

    COMPETING WITH ARMENIA'S TYCOONS IS HOPELESS CASE - ECONOMIST

    November 07, 2013 | 14:27

    YEREVAN. - Competing with the oligarchs of Armenia is a senseless
    waste of time.

    Opposition Armenian National Congress Party representative, former
    Yerevan Mayor, economist Vahagn Khachatryan stated the aforesaid.

    He commented on State Revenue Committee Deputy Chairman Armen
    Alaverdyan's recent announcement that Armenia's value-added tax
    (VAT) exemption threshold is larger-than-life and it undermines the
    competition among businesses.

    "The State Revenue Committee can find competition-related problems in
    the competition with the oligarchs. Can anyone [in Armenia] compete
    with the oligarchs?" Khachatryan asked.

    As per the economist, the easing of the tax and inspection procedures
    could have helped Armenia's businesses in this respect.

    http://news.am/eng/news/179672.html

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