RETURN ON TAX IS LOW IN ARMENIA

In a news conference on the tenth anniversary of HSBC Armenia the chief executive of the bank Anthony Turner announced that the low level of return on tax is the chief challenge n Armenia, the ARKA news agency reports. According to the speaker, the level of return on tax in Armenia is one of the lowest in the world.
Anthony Turner also announced that quite progressive changes are underway in Armenia, and the World Bank and the IMF have a considerable contibution to the reform in the country. Thanks to the programs of these organizations Armenia has made considerable progress, said the chief executive of HSBC Armenia.

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