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Economic Freedom of the World 2010 Georgia

Economic Freedom of the World 2010 Georgia. Gia Jandieri Vice-president, NESG Tbilisi, Sep 21, 2010. Georgia 2009-2010. Doing Business 2010 – Top 10+. DB 2009-2010. HERITAGE FOUNDATION 2010. Finance Act - 2008. Independent regulatory body of Finance Sector

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Economic Freedom of the World 2010 Georgia

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

  2. Georgia 2009-2010

  3. Doing Business 2010 – Top 10+

  4. DB 2009-2010

  5. HERITAGE FOUNDATION 2010

  6. Finance Act - 2008 • Independent regulatory body of Finance Sector • Decreasing and elimination of taxes on: • Dividends • Capital gains, and • Interest Until 2013

  7. 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

  8. 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

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

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

  11. Many thanks • Gia Jandieri • gjandieri@gmail.com

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