“Today, there is a normal tax environment and the pressure is not high”, Gigla Mikautadze, a member of party “LELO” told TV-program Business Morning.
According to him, for this very reason, the party does not consider tax reduction drastically.
Mikautadze believes that special attention should be paid to attracting of FDIs and export.
"If we take the GDP formula, according to spending, you will realize what is needed to grow GDP. I think today is a normal tax environment and the pressure is not so high. There are investments left and this means foreign direct investment as well as export, ”Gigla Mikautadze said.
According to Gigla Mikautadze, in the case of sound economic policy, Georgia has the potential to attract $ 20 billion in FDI.
“We think that in about 5-7 years Georgia can freely attract $ 20 billion of investment if we keep the FDI and GDP ratio at 15%, which we have had over the years; This is not very ambitious plan, it is completely achievable,”Mikautadze explains.
See all the news
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Reuters: Dutch city tells floating Georgian monastery to cast off
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
GDP will be Calculated by the Updated Methodology from Today – What the Reform Will Cause
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Tourist Number Hits a Record within 10Months and Exceeds 8 MLN Despite Putin’s Flight Ban
Galt & Taggart does not rule out slowdown of economic growth to 4% in 2020
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC
Agreement signed between Silknet and Euronews to launch “Euronews Georgia”