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Former Soviet Republic of Georgia To Become IT Tax Haven

Posted by kdawson on from the here's-a-hint-one-of-them-is-black-and-sticky dept.

A few days ago we noted how Ukraine is driving out its software freelancers with the threat of onerous taxation. Now comes news that another former Soviet republic, Georgia, will become a tax-free zone for IT companies. It might be the Google translation, but it seems that officials there are somewhat worried about how to categorize the IT segment: "[T]he main difficulty ... is to determine which organization is the IT company, and what is not: 'While from a formal point of view it is impossible to distinguish between software developers from the oil.'"

6 of 153 comments (clear)

  1. Re:Does this mean Georgia will be invaded again? by mrsteveman1 · · Score: 5, Funny

    They do control a large percentage of our Peach reserves......oh you mean the other Georgia? Fuck who knows.

  2. Uhhh, I don't think it has the power to do that. by Anonymous Coward · · Score: 2, Funny

    At least with federal taxes. Georgia's limited state's rights can't usurp federal institutions like the IRS, so I don't think this will even work.

  3. Translation by awtbfb · · Score: 3, Funny

    It might be the Google translation, but...

    Perhaps it would be less confusing if translated into Swedish Chef.

    1. Re:Translation by Anonymous Coward · · Score: 1, Funny

      The correct translation is:

      "My hovercraft is full of eels."

  4. Come to Georgia, IT companies! by Culture20 · · Score: 3, Funny

    Suffer cyberattack from Russia, and potential real attack! Two for the price of none!

  5. How to distinguish software developers from oil by jayveekay · · Score: 2, Funny

    Oil floats on water.
    What also floats on water? Witches!
    Software developers are invariably male (just look at slashdot).
    Men are not witches.
    Thus software developers do not float.

    So, to determine whether to tax it (non-IT) or not tax it (IT), throw it in the ocean (or Black Sea).
    If it drowns, it is IT, so don't tax it. If it floats, clean it up and send the bill to BP.

    QED.