Armenian jewelry dealers offer their own formula for eliminating the   "shadow"

ArmInfo. Jewelry retailers are propose reduction in the turnover tax rate from 10% to 1%. This will eliminate any "shadow" activity and increase the amount of taxes paid. This was stated by Hayk Sargsyan, a member of the ruling "Civil Contract" faction, on February 7 in a conversation with journalists  following parliamentary hearings on the topic of doubling the  turnover tax rate.

<Representatives of the sector claim there is a huge <shadow> in the  industry, largely due to  unreasonably high taxes. Now they propose  to reduce the tax rate to 1% with the condition that  if tax revenue  does not double within 6 months, then you can do whatever you want,>  said Hayk Sargsyan. According to him, if this proposal is accepted,  the traders promise to work exclusively in the <white field>, and  urge their <colleagues> to do the same.