Armenian PM: govt. to boost tax collection by upping major businesses’ taxationOctober 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province 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. |