  Armenia listed 22nd in Europe in income tax ranking July 12, 2011 - 18:46 AMT PanARMENIAN.Net - RIA-Analysis Center for Economic Research released the results of a ranking for income tax rate among 37 European states, with Armenia listed 22nd. Malta leads the ranking with a 35% income tax rate, followed by France (34.4%) and Belgium (34%). Russia, with a 20% income tax rate shares 21-26 positions with Armenia, Kazakhstan, Slovenia, Island and Azerbaijan. Belarus has the highest income rate among post-Soviet countries (24%), while Moldova has the lowest (0%), yet no significant business progress has been observed in the republic. As a whole, the ranking results prove that income tax does not act as a brake on state economy, its rate being higher in developed European countries as compared to weaker economies.   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 |  Related sections Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
