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Modern Challenges of International Tax Cooperation and Armenia

Author

Listed:
  • Ori À. Alaverdyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

  • Nairuhi R. Avetisyan

    (Ministry of Finance of the Republic of Armenia, Yerevan 0010, Armenia)

Abstract

Obviously, that the main destination for vast majority of capital flows are countries with favourable conditions, particularly countries that apply low tax rates and provide preferential tax regimes. Because of this process, the outflow of capital occurs from non-offshore countries to law tax or offshore jurisdictions, which is considered as a harmful tax practice. The issue is more emphasized in developing countries, as the national tax authorities more often have not enough capacity to fight against tax fraud and tax evasion. Aiming to solve the mentioned issues the Organization of Economic Cooperation and Development together with G20 have joined efforts to set up new standards for tax control (OECD Global Forum). They also elaborate new rules that will ensure taxation of profits where economic activities are carried out and value is created as well as increase predictability, transparency and flexibility of international tax environment for business. The article analyzes the government activities of the Republic of Armenia to create a tax system that corresponds to the current trends in international tax cooperation.

Suggested Citation

  • Ori À. Alaverdyan & Nairuhi R. Avetisyan, 2018. "Modern Challenges of International Tax Cooperation and Armenia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 32-37, August.
  • Handle: RePEc:fru:finjrn:180403:p:32-37
    DOI: 10.31107/2075-1990-2018-4-32-37
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    References listed on IDEAS

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    1. Kasekende, Elizabeth & Abuka, Charles & Sarr, Mare, 2016. "Extractive industries and corruption: Investigating the effectiveness of EITI as a scrutiny mechanism," Resources Policy, Elsevier, vol. 48(C), pages 117-128.
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    More about this item

    Keywords

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    JEL classification:

    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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