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 | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |