Former Soviet Republic of Georgia To Become IT Tax Haven

Posted by kdawson on Sunday June 20, 2010 @01:45PM 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.'"

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Re:Does this mean Georgia will be invaded again? by mrsteveman1 · 2010-06-20 14:04 · Score: 5, Funny

They do control a large percentage of our Peach reserves......oh you mean the other Georgia? Fuck who knows.
Translation by awtbfb · 2010-06-20 14:14 · Score: 3, Funny

It might be the Google translation, but...
Perhaps it would be less confusing if translated into Swedish Chef.
Come to Georgia, IT companies! by Culture20 · 2010-06-20 14:37 · Score: 3, Funny

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