Economic Freedom of the World 2010 Georgia Gia Jandieri Vice-president, NESG Tbilisi, Sep 21, 2010.

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Presentation transcript:

Economic Freedom of the World 2010 Georgia Gia Jandieri Vice-president, NESG Tbilisi, Sep 21, 2010

Georgia

Doing Business 2010 – Top 10+

DB

HERITAGE FOUNDATION 2010

Finance Act Independent regulatory body of Finance Sector Decreasing and elimination of taxes on: -Dividends -Capital gains, and -Interest Until 2013

Other initiatives of Georgian Government De-regulation of pharmaceutical business activities Easing of permissions for construction business Introduction of e-failing of tax declarations Total elimination of social (insurance) tax from 2007

Georgia and the EU From Free Trade to Deep and Comprehensive Free Trade Agreement = harmonization of legislation, re-regulating and increasing of taxes Debated topics: -Anti-trust regulation -Emigration and labor policy towards foreigners -Contact based Labor -Food safety… New requirements every day

Liberty Act Referendum requirement for tax increase No new regulations Restricted fiscal system: -Public debt -Deficit -Limited government spending

Problems to be Solved Inviolability of private property Anti-constitutional Taxation administrative rules Still high level of taxation Increased public spending Increased Public debt…

Many thanks Gia Jandieri