Economy of Armenia - Government Revenue and Taxation

Government Revenue and Taxation

The Armenian government collected 383.5 billion drams ($1.26 billion) in various taxes in the first nine months of 2008 (a 33.2 percent increase from the same period last year).

Many large companies have a privileged status when it comes to taxation. Big business is not taxed in proportion to its capacity and output, and the disproportionate burden falls on small and medium size businesses.

Read more about this topic:  Economy Of Armenia

Famous quotes containing the words government, revenue and/or taxation:

    Government proposes, bureaucracy disposes. And the bureaucracy must dispose of government proposals by dumping them on us.
    —P.J. (Patrick Jake)

    Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.
    Bible: Hebrew, Proverbs 3:13-18.

    The Government is able to afford a suitable army and a suitable navy. It may maintain them without the slightest danger to the Republic or the cause of free institutions, and fear of additional taxation ought not to change a proper policy in this regard.
    William Howard Taft (1857–1930)