Mills: Without a welcoming business environment in Armenia a double tax treaty is for now an unnecessary diversion
ArmInfo.Without a welcoming business environment in Armenia a double tax treaty is for now an unnecessary diversion, US Ambassador to Armenia Richard Mills mentioned in his reply to the inquiry of Armenian National Committee of America (ANCA), the press service of the US Embassy to Armenia informs.
That is why Embassy focuses on issues like rule of law, customs reforms, and ensuring an equal playing field for foreign investors. So far, little evidence the lack of a new tax treaty has kept out U.S. investment. If such cases exist, we'd like to hear them, Richard Mills noted.
At the same time it is mentioned that the U.S. Embassy and Gov't of Armenia jointly achieved the open skies reforms that now allow Western air carriers to consider the Armenian market. Thanks to this, passenger traffic at Zvartnots is up by 12% and ticket prices are lower across the board. Now up to Armenian Gov't to make the business case for scheduling air services to Armenia. Embassy is supporting with a new focus on tourism projects that build economic justification, but private U.S. firms make their own business decisions.