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ARMENIAN STATE MACHINERY IS RATHER EXAGGERATED, DPA CHAIRMAN CONSIDERS
Noyan Tapan
Feb 21 2007
YEREVAN, FEBRUARY 21, NOYAN TAPAN. If a businessman invests 30-50%
of its profit for extending his own business, profit tax should be
reduced by 50% and in case of 70-75% investment he should be completely
released from profit tax. As Aram Sargsian, Chairman of Democratic
Party of Armenia (DPA), said at the February 21 discussion on the
subject "Obstacles in the Sphere of Small and Medium-sized Business
and Problems of Their Liquidation," this proposal is stipulated by
DPA program. In his words, tax policy should be simplified for SME
development and a "progressive" tax should be set for those having
a big capital. Besides, as A. Sargsian affirmed, the state should be
interested in liquidating monopoly.
In A. Sargsian's words, RA state machinery is rather exaggerated: in
Soviet years the number of employees working in those structures was
27-30 thousand, while currently this number is more than 100 thousand,
who, as DPA Chairman characterized, "live at our expense."
From: Emil Lazarian | Ararat NewsPress
Noyan Tapan
Feb 21 2007
YEREVAN, FEBRUARY 21, NOYAN TAPAN. If a businessman invests 30-50%
of its profit for extending his own business, profit tax should be
reduced by 50% and in case of 70-75% investment he should be completely
released from profit tax. As Aram Sargsian, Chairman of Democratic
Party of Armenia (DPA), said at the February 21 discussion on the
subject "Obstacles in the Sphere of Small and Medium-sized Business
and Problems of Their Liquidation," this proposal is stipulated by
DPA program. In his words, tax policy should be simplified for SME
development and a "progressive" tax should be set for those having
a big capital. Besides, as A. Sargsian affirmed, the state should be
interested in liquidating monopoly.
In A. Sargsian's words, RA state machinery is rather exaggerated: in
Soviet years the number of employees working in those structures was
27-30 thousand, while currently this number is more than 100 thousand,
who, as DPA Chairman characterized, "live at our expense."
From: Emil Lazarian | Ararat NewsPress