"Low taxes will be maintained," is an extract from the ruling party Georgian Dream - Democratic Georgia's 2020 Election Program.
According to the Minister of Finance Ivane Machavariani, tax cuts in the current situation will shake the stability of the country.
"Tax cuts during this period are unequivocally counterproductive and undermine fiscal and economic stability of the country. However, we do not talk on tax rise either. The main thing is to increase productivity and reduce shadowy sector," - said the Minister in an interview with BM.GE, adding that the tax pressure in Georgia is not high.
"Shadowy economy must be reduced. Business must be in an equal competitive environment. What's wrong with those who pay taxes?!” said the Minister, who estimated that the covid-19 pandemic had exposed the size of the shadow economy.
