Wednesday, April 18, 2007

Georgia (the country) is reforming

The Private Sector Development Blog says that "Georgia had the biggest drop in corruption in all of Europe – last year in a survey 95 percent of Georgians reported not having to pay a bribe to receive public service." That is good news. Other reforms mentioned include:
-"Slashing the number of taxes from 22 to 7; a tax rate reduction from 60 to below 40 percent, which more than doubled the revenues"...
-"Further cutbacks in payroll and corporate taxes – all from a new single taxation authority – are scheduled for 2008"...
-"Abolition of most tariffs, combined with a reduction in the time required to import goods from 52 to 4 days"...
-"Eradication of 756 business licenses and permits"...

There is more on Georgia at the link above...

No comments: