ARMENPRESS
GOVERNMENT ENDORSES BILL ON RAISING PENALTY CEILING
YEREVAN, NOVEMBER 8, ARMENPRESS: The Armenian
government has endorsed today a bill on making a
change to the Armenian criminal law that calls for
raising the ceiling of maximum penalty size from 1,000
minimum wages to 3,000.
A deputy chief prosecutor Mnatsakan Sarkisian said
to reporters that the bill will be sent to
parliament’s consideration.
He argued that setting high penalties will become
an effective measure to crackdown on different
economic crimes, especially in combination with prison
terms for grave economic crimes.
He said the bill, if approved, would prompt
individual and corporate entities to observe properly
their tax obligations and would also eliminate what he
called ‘the atmosphere of impunity.’ These, he said,
would significantly increase budget revenue collection
rates.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2007/11/11/government-endorses-bill-on-raising-penalty-ceiling/
