Armenian taxation is not increased, shadow economy is not decreased

A representative of an international financial organization appeals to improve the taxation field in Armenia, whereas responsible taxation authorities in Armenia in their reports register progress in tax collection.

Last Friday, International Monetary Fund (IMF) Resident Representative in Armenia Guillermo Tolosa at a press conference stated that tax collection remains poor in Armenia and the reforms in the taxation sphere of Armenia still do not promote the healthy activity of business environment in Armenia.

"Unfortunately, we notice no correct steps taken, no progress in terms of this shortcoming. The interest portion of tax incomes in the economy was as unfavorably low in 2010 as it was in 2009. And this means that shadow economy has not decreased in Armenia," Tolosa said.  Read more... (342 words)

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