 Armenian PM: govt. to boost tax collection by upping major businesses’ taxation October 5, 2011 - 20:01 AMT PanARMENIAN.Net - Armenian government plans to boost tax collection in 2012 by upping major businesses’ taxation, working to decrease shadow economy, and improving tax administration, Armenian Prime Minister said. “In draft budget for 2012, the government suggests a bold step - increasing tax share in GDP by 0,6%,” Tigran Sargsyan said, stressing that taxation increase will refer to major businesses, rather than medium and small ones. As PM also noted, a law on earth deposits will be adopted before yearend to boost tax proceeds. According to Sargsyan, the measures described are meant to enable support for medium and small businesses, as well as solve a number of social issues, including 10% pension raise.   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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
