We must combat shadow economy to secure Armenia’s good future– prime minister
Armenia’s prime minister on Saturday highlighted the urgent need to eradicate the shadow in the country's economy as he addressed the socio-economic development prospectives in the public debate hosted by the Armenian General Benevolent Union (AGBU).
Karen Karapetyan said that the objective is outlined in the proposed tax reforms, which have been widely speculated by critics as an ineffective measure increasing businesses’ tax burden.
“That might be true to an extent, but we clearly understand that we do not have any future unless we really combat the shadow. I think our primary task is to ensure a feedback with the society to make it feel and react enthusiastically to the positive messages we send from time to time,” he said.
The premier also stressed the importance of simplifying the Tax Code.
Commenting on the Government’s program, Karapetyan said they elaborated a two-phased plan of actions intended for short-, and long-term perspectives.
He added that a key task on their agenda now is to offer free, fair and competitive conditions to businesses. “Different rankings and surveys reveal that the happiest countries are normally those which have created favorable conditions for working people, for those who generate extra value and are really creative. These are not countries that have oil, natural gas or other reserves. This is why it is highly important for us to create fair, competitive and equal conditions for those people who work,” he added.
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