TAX POLICY BETTERMENT IN THE SPHERE OF SMALL ENTREPRENEURSHIP AND ECONOMIC GROWTH ENSURING (THE CASE OF ARMENIA)
Abstract
The article analyzes positive and negative trends in the RA small and medium-sized entrepreneurship (SME) development, SME role in economy of Armenia, Russia, Belarus and EU states, basic factors of economic growth deceleration. The purpose of research is to make an appraisal of Armenia’s SME modern state, suggest concrete tax mechanism for small business developent stimulation and economic growth acceleration. It is concluded that: 1) establishing preferential tax regime is substantiated: a) fi rstly just for small but not medium-sized business because of multiple exceeding of medium-sized business assets and eployees compared to identical indicators of small business; b) for attracting not simple foreign direct investments, but ones exactly from developed countries and states-RA strategic partners and being directed to the RA production sector; 2) currently the fundamental issue is to implement economic growth diversifi cation based on outrunning development of economic growth innovation component, diversifi cation of exports. The article propounds to implement tax policy radical liberalization, i.e. to form tax instruments for economic growth stimulation based on decrease of tax burden on businesses, tax exemption for some sectors and for defi nite period, particularly through accenting on tax preferences for insuring investment demand, economy innovative development, its diversifi cation and demonopolization.
About the Author
G. J. Shmavonyan
the Armenian Social-Economic Policy Center, Yerevan
Armenia
PhD (Economics), Associate Professor, Director
Armenia
PhD (Economics), Associate Professor, Director
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Review
For citations:
Shmavonyan G.J. TAX POLICY BETTERMENT IN THE SPHERE OF SMALL ENTREPRENEURSHIP AND ECONOMIC GROWTH ENSURING (THE CASE OF ARMENIA). Finance: Theory and Practice. 2015;(5):116-126. (In Russ.)
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