About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
MPs Resume Discussion of Draft on Referendum on Tax Increase
Civil Georgia, Tbilisi / 4 Nov.'10 / 15:34

Parliament resumed discussion of a constitutional amendment binding the government to hold a referendum if it decides to increase taxes or to introduce a new tax.

The draft amendment was discussed on November 4 by the parliamentary committee on legal affairs.

The proposed draft has already been passed by the Parliament with its first reading on December, 2009, but discussion of the proposal was shelved since then.

The proposal, which requires to be passed with second and third reading, is binding the government to hold a referendum if it decides to increase income tax; profit tax; value added tax and customs tax or if the government decides to introduce a new tax.

The draft, if passed, will go in force together with the recently passed major constitutional amendments, i.e. after the next president, elected in October 2013 election, is sworn in.
The proposal is part of a package known as Act of Economic Liberty voiced by President Saakashvili in October, 2009.

The Act of Economic Liberty, which has yet to be discussed by the Parliament, proposes to set maximum ratio of budgetary expenditures to GDP at 30%; budget deficit – at maximum 3% of GDP; and maximum of 60% of debt-to-GDP ratio. The proposal, which President Saakashvili said in September would be discussed this autumn, also restricts the government’s right to introduce additional new licenses and permits.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.