Forum Blogs VIP Armenia Community Chat All Albums

VIP Forums Muzblog Chat Games Gallery. , , , , .

Press here to open menubar...User Control Panel WAP/Mobile forum Text Only FORUM RULES FAQ Calendar
Go Back   VIP Armenia Community > Forum > General Discussions > Diaspora
Blogs Members List Social Groups Mark Forums Read Press here to open menubar...


Notices

Diaspora News and events in Armenian and other diasporas.

Reply
 

Tufenkian Artisan Carpets Calls on U.S. Treasury Secretary to Start Tax Treaty Talks with Armenia

LinkBack Thread Tools Display Modes
Old 21 Sep 17, 17:08   #1 (permalink)
Top VIP
VIP Ultra Club
VIP Forums Group's Avatar
Join Date: Jan 1970
Posts: 11,430
Rep Power: 59 VIP Forums Group is on a distinguished road
Post Tufenkian Artisan Carpets Calls on U.S. Treasury Secretary to Start Tax Treaty Talks with Armenia

Owner and CEO James Tufenkian Has Built Landmark Boutique Hotels and Established Carpet Weaving Workshops across Armenia

WASHINGTONTufenkian Artisan Carpetsa global brand long respected worldwide as a leading source of handcrafted artisan area rugshas called on the U.S. Department of Treasury “to begin talks with Armenia toward a long-overdue and badly needed modern U.S. Tax Treaty,” reported the Armenian National Committee of America (ANCA).

Owner and CEO James Tufenkian

Owner and CEO James Tufenkian, a major American investor in Armenia’s growththrough his artisan carpets, hotels, and philanthropic worknoted in a letter to Treasury Secretary Steven Mnuchin that for the past 17 years he has been “building great boutique hotels in the important touristic regions of Armenia to help develop those very depressed economies, and to create a broad base for tourism to the whole country. In addition in 1993 I established a very labor-intensive business hand-weaving carpets and textiles to preserve this indigenous and historic Armenian craft, and to provide work for at-risk segments of the population.”

He called special attention to the “unusual prospect, in this day and age, of facing double taxation,” noting that “such a disincentive was eliminated long ago in competing nations [yet] Armenia continues to face this unnecessary barrier as it struggles to compete for investment capital to develop the country.”

The Tufenkian letter makes the case for a “clear, reliable international legal taxation framework,” underscoring to Secretary Mnuchin that “the absence of such a framework has created unnecessary uncertainty, resulting, ultimately, in the needless diversion of investment flows to the detriment of the mutually beneficial progress that we all seek in U.S.-Armenia economic relations.”

“We want to thank James Tufenkian and his entire team for their truly transformative contribution to the future of Armenia and the U.S.-Armenia partnership,” said ANCA Executive Director Aram Hamparian. “As a major U.S. investor in Armenia, he knows, firsthand, how the threat of double taxation presents a real barrier to new investments and other mutually beneficial, job-creating opportunities.

Founded in 1986, Tufenkian Artisan Carpets is a New York-based company with offices and operations in Armenia and around the world. James Tufenkian, a lawyer by training, has employed thousands across Armenia, and in 1996 he established a philanthropic foundation that supports humanitarian projects in Armenia and Artsakh.

To learn more, visit: https://www.tufenkian.com. To learn more about the charitable and educational work of the Tufenkian Foundation, visit: http://www.tufenkianfoundation.org/.


  Owner and CEO James Tufenkian Has Built Landmark Boutique Hotels and Established Carpet Weaving Workshops across Armenia WASHINGTONTufenkian Artisan Carpetsa global brand long respected worldwide as a leading source of handcrafted artisan area rugshas called on the U.S. Department of Treasury “to begin talks with Armenia toward a long-overdue and badly needed modern U.S. Tax Treaty,” reported the Armenian National Committee of America (ANCA). Owner and CEO James Tufenkian Owner and CEO James Tufenkian, a major American investor in Armenia’s growththrough his artisan carpets, hotels, and philanthropic worknoted in a letter to Treasury Secretary Steven Mnuchin that for the past 17 years he has been “building great boutique hotels in the important touristic regions of Armenia to help develop those very depressed economies, and to create a broad base for tourism to the whole country. In addition in 1993 I established a very labor-intensive business hand-weaving carpets and textiles to preserve this indigenous and historic Armenian craft, and to provide work for at-risk segments of the population.” He called special attention to the “unusual prospect, in this day and age, of facing double taxation,” noting that “such a disincentive was eliminated long ago in competing nations [yet] Armenia continues [...]
  Owner and CEO James Tufenkian Has Built Landmark Boutique Hotels and Established Carpet Weaving Workshops across Armenia WASHINGTONTufenkian Artisan Carpetsa global brand long respected worldwide as a leading source of handcrafted artisan area rugshas called on the U.S. Department of Treasury “to begin talks with Armenia toward a long-overdue and badly needed modern U.S. Tax Treaty,” reported the Armenian National Committee of America (ANCA). Owner and CEO James Tufenkian Owner and CEO James Tufenkian, a major American investor in Armenia’s growththrough his artisan carpets, hotels, and philanthropic worknoted in a letter to Treasury Secretary Steven Mnuchin that for the past 17 years he has been “building great boutique hotels in the important touristic regions of Armenia to help develop those very depressed economies, and to create a broad base for tourism to the whole country. In addition in 1993 I established a very labor-intensive business hand-weaving carpets and textiles to preserve this indigenous and historic Armenian craft, and to provide work for at-risk segments of the population.” He called special attention to the “unusual prospect, in this day and age, of facing double taxation,” noting that “such a disincentive was eliminated long ago in competing nations [yet] Armenia continues [...]
[img][/img]
More...
 
VIP Forums Group is offline  
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

All times are GMT +4. The time now is 04:10.

 v.0.91  v.1  v.2 XML Feeds JavaScript Feeds


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.



Liveinternet
User Control Panel
Networking Networking
Social Groups Social Groups
Pictures & Albums All Albums
What's up
Who's Online Who's Online
Top Statistics Top Statistics
Most Active Forumjans Most Active Forumjans

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60