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 | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |