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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Former british colony of USA, by piotru · 2010-06-20 19:30 · Score: 0, Offtopic

unlike an ancient nation of Georgia, will not become an IT tax heaven. Oh sorry, forgot some former subjects of english king have to say "Paris, Europe" to know for sure...