Tax Reforms as Capital Market Development Factor |
| |
Authors: | Edward Sandoyan Samvel Mkhitaryan Samvel Sahakyan |
| |
Institution: | (1) Russian-Armenian (Slavonic) State University, Yerevan, Armenia |
| |
Abstract: | The article presents the preconditions of Armenian capital market development. A few hypotheses are proposed concerning correlation
between direct taxes (in particular, profit tax and income tax) and financial sector development mediated with shadow economy.
On the basis of studied theories and our empiric research (regression analysis of key indicators), our hypotheses were proven.
So for the further development of Armenian capital market we consider it necessary to depart from profit tax, concurrently
reducing income tax and social security tax rates. |
| |
Keywords: | taxation income tax profit tax financial sector capital market corruption transparency |
本文献已被 SpringerLink 等数据库收录! |