Tweet
'TIMES HAVE CHANGED. BIG BUSINESS SHOULD BE TAXED '
Friday,
October
11
It is planned to increase Armenia's state budget by 90 billion drams
in 2014, with most of that money being collected from big business
without changing the tax-to-GDP ratio.
Chairman of the Union of Domestic Product Manufacturers Vazgen
Safarian said at the meeting with reporters today that collecting taxes
from big business is one of 'the most serious and painful problems'
today. He reminded those present that according to the World Bank,
35% or about $1 billion of the domestic economy is shadow.
'The government should show enough political will in order to increase
budget revenues without increasing the tax burden, which can be done
by reducing the shadow economy," he noted.
V. Safarian pins his hopes related to big business taxation on the
Customs Union as amendments will be made in over 60 laws and by-laws
in connection with entry into the Customs Union. He hopes it will
become possible to tax big business in this way.
Besides, the original accumulation of capital lasted in the West
250-300 years, whereas in Armenia it lasted 2-3 years. According to V.
Safarian, 3-4 persons took the national wealth into their hands and it
is to time to tax them. Safarian's optimism has to do not only with
Armenia's entry into the Customs Union, but also with the fact that
'times have changed'.
TODAY, 18:56
Aysor.am
Friday,
October
11
It is planned to increase Armenia's state budget by 90 billion drams
in 2014, with most of that money being collected from big business
without changing the tax-to-GDP ratio.
Chairman of the Union of Domestic Product Manufacturers Vazgen
Safarian said at the meeting with reporters today that collecting taxes
from big business is one of 'the most serious and painful problems'
today. He reminded those present that according to the World Bank,
35% or about $1 billion of the domestic economy is shadow.
'The government should show enough political will in order to increase
budget revenues without increasing the tax burden, which can be done
by reducing the shadow economy," he noted.
V. Safarian pins his hopes related to big business taxation on the
Customs Union as amendments will be made in over 60 laws and by-laws
in connection with entry into the Customs Union. He hopes it will
become possible to tax big business in this way.
Besides, the original accumulation of capital lasted in the West
250-300 years, whereas in Armenia it lasted 2-3 years. According to V.
Safarian, 3-4 persons took the national wealth into their hands and it
is to time to tax them. Safarian's optimism has to do not only with
Armenia's entry into the Customs Union, but also with the fact that
'times have changed'.
TODAY, 18:56
Aysor.am