GTA: stable tax regime is key factor that PHBs look for in target countryJune 28, 2010 - 14:06 AMT PanARMENIAN.Net - According to the annual report of researches by Grand Thornton International, a stable tax regime is a key factor that privately held businesses (PHB) look for in the target country. 39% of Armenian businessmen responded that the stability of the tax regime is the most important factor when investing in a foreign economy, Grand Thornton Amyot LLC, the Armenian member of Grant Thornton International, said in a press release. The second highest ranking factor for Armenian PHBs, 36% of responses, is the tax-free period for 5 years. The survey of over 7,400 business owners in 36 economies reveals that 17% of PHB owners globally do not consider the local tax regimes when investing in another county. Amongst PHBs who did consider tax in their overseas decision making, the most popular tax incentives were a tax free period of five years (41%), low tax rates on business profits (39%) and a stable tax regime (38%.) Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |