ArmInfo. The government of Armenia has given negative assessment to the legislative initiative proposed by a group of MPs from Orinats Yerkir faction to provide tax benefits to a certain group of business. Minister of Investments and Entrepreneurship Promotion Suren Karayan informed that the bill proposes to provide tax benefits to closed joint stock companies with annual turnover higher than 16 bln drams. The Minister suggested giving negative conclusion to the bill. Karayan noted that the bill does not regulate the type of tax benefits and the terms of provision. "It is also inadmissible to give benefits to organizations based on their legal corporate form as this may lead to non- equal competition, as well as to set threshold of 16 bln drams, as this means to support only large businesses", Minister Karayan stated. At the same time answering to the Prime Minister's question what is the logics of the bill, the Minister said that he has not understand it either.