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Economist Argues For Introduction Of Progressive Land Tax

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  • Economist Argues For Introduction Of Progressive Land Tax

    ECONOMIST ARGUES FOR INTRODUCTION OF PROGRESSIVE LAND TAX

    /ARKA/
    JUNE 10, 2011
    YEREVAN

    YEREVAN, June 10. / ARKA /. The introduction of progressive tax on
    land will contribute to the development of Armenian agriculture,
    Tatul Manaserian, head Alternative think-tank, said today.

    "This tax should apply, in the first place, to big landowners,"
    said Manaserian to journalists. According to him, a lot of land in
    the country is not currently cultivated.

    "We live in a democratic country and can not just take away land
    from negligent owners who buy it to keep for their children and
    grandchildren. But we can introduce a progressive land tax to make
    them pay for it if they do not cultivate their land," he said.

    He noted that given that it will not be profitable to keep in store
    the unused land, and the owners will either have to cultivate it or
    sell to those who know how to do it.

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