WORLD BANK FINDS IT UNACCEPTABLE TO GRANT TAX AMNESTY TO SOME ARMENIAN TAXPAYERS
World Bank finds it unacceptable to grant tax amnesty to some Armenian
taxpayers, Aristomene Varudakis, the director of the WB’s Yerevan
office said at a press conference on Wednesday while commenting the
possibility of amnesties on capital market.
"It is a bad policy to provide preferences to some companies, since
as a rule, the companies abuse their preferences", he said though
stipulating that in some rare cases such measure is justified by the
government’s intention to support certain companies.
Varudakis also said that if the government provides tax preferences,
it still should limit them, make them transparent and specify the
term of validity.
But he thinks the government should avoid tax amnesty, since it
destroys other goals of economic policy and undermine the willingness
to pay taxes and the effectiveness of tax administration.