Aspects Of Taxation Of So-called Profit Tax Estonian Model And Its Impact On Business Environment Of Georgia
Journal Title: Vectors of Social Science - Year 2021, Vol 1, Issue 1
Abstract
Existence of investment policy and investments in general play an important role in boosting the country's economy and maintaining the growth trends of macroeconomic factors. The Georgian economy at the policy level determines the need to achieve a large scale of both foreign direct investment and domestic investment. Consequently, the opportunities of the Georgian economy are directly related to the volume of investments, and the volume of investments is conditioned by the existence of an effective and efficient investment climate in the country. Which institutional factor holds the greatest weight in the investment environment? - Tax policy is one of the most important issues among institutional factors. For the reason of economic stimulation and development, Georgian government adopted changes in relation to entrepreneurship activates. Various researches and prognosis were made regarding implementation of so called “Estonian Model” of profit tax by Governmental, Business and Academic bodies. Pre and post reform period arose many questions and the answers are still vague. What contribution was made by the reform for encouragement of the Foreign Direct Investments? How has the labor productivity been increased? How has the reform simplified access to the capital resources? In this research paper the author discusses the Profit tax “Estonian Model” prognosis and expectations as well as analysis of the actual results in Georgia and Estonia. The Author conducts qualitative and critical research methodologies. On the basis of demonstration of the actual circumstances, the reform has been assessed in short and long term perspective.
Authors and Affiliations
Paata Shurgaia
Keywords
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- EP ID EP708116
- DOI https://doi.org/10.51895/VSS1/shurgaia
- Views 61
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