Monday, 29 December 2003

GEORGIAN POLITICAL PARTIES DISAPPROVE OF PLANNED WEALTH TAX

Published in News Digest

By empty (12/29/2003 issue of the CACI Analyst)

In separate statements reported by Caucasus Press, the New Rightists, the Union of Traditionalists of Georgia (STK), and the Socialist Party have criticized a planned wealth tax announced on 22 December by Minister of State Zhvania. STK Chairman Akaki Asatiani and the Socialists termed the tax a return to Bolshevism, while David Gamkrelidze of the New Rights called it \"populist.\" Asatiani also criticized the proposed abolition of the land tax.
In separate statements reported by Caucasus Press, the New Rightists, the Union of Traditionalists of Georgia (STK), and the Socialist Party have criticized a planned wealth tax announced on 22 December by Minister of State Zhvania. STK Chairman Akaki Asatiani and the Socialists termed the tax a return to Bolshevism, while David Gamkrelidze of the New Rights called it \"populist.\" Asatiani also criticized the proposed abolition of the land tax. Acting Georgian President Nino Burdjanadze proposed on 23 December renaming the draft bill on the wealth tax the \"solidarity law,\" while on 24 December David Salaridze, chairman of the parliament commission on tax revenues, welcomed the proposed wealth tax but said the definition of wealth should be more precise. He suggested it should apply to owners of residences worth more than 300,000 laris ($139,000) and automobiles worth more than 150,000 laris. (Caucasus Press)
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