Valeri Mosiashvili1
and Nino Samchkuashvili2
1. Georgian National University (SEU) , Dean of Business and Technology faculty, PhD of Economics,
Professor, Georgia
2. Georgian National University (SEU), PhD of Economics, Associated Professor, Georgia
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MLA 8
Mosiashvili, Valeri, and Nino Samchkuashvili. "ABOUT TAX ON FINANCIAL TRANSACTIONS IN GEORGIA." Int. j. of Social Science and Economic Research, vol. 7, no. 9, Sept. 2022, pp. 3037-3044, doi.org/10.46609/IJSSER.2022.v07i09.018. Accessed Sept. 2022.
APA 6
Mosiashvili, V., & Samchkuashvili, N. (2022, September). ABOUT TAX ON FINANCIAL TRANSACTIONS IN GEORGIA. Int. j. of Social Science and Economic Research, 7(9), 3037-3044. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i09.018
Chicago
Mosiashvili, Valeri, and Nino Samchkuashvili. "ABOUT TAX ON FINANCIAL TRANSACTIONS IN GEORGIA." Int. j. of Social Science and Economic Research 7, no. 9 (September 2022), 3037-3044. Accessed September, 2022. https://doi.org/10.46609/IJSSER.2022.v07i09.018.
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ABSTRACT:
In this article, we tried to document the feasibility of introducing a tax on financial transactions
in Georgia. At the beginning, we described the main features of the mentioned tax, which was
recently so-called The second name of the "Robinson Hoodtax" was also received, at the
financial and economic forums held at the global level (G20, G7, international financial
forums/conferences, etc.), "calls" for its introduction have already appeared. After studying and
analyzing the theoretical part of the issue, the best practices in the world, we discussed the
positive (expected and actual) and negative consequences of the introduction of the Tobintax
worldwide, in the countries that implemented it (Spain, France, Great Britain).
Any news, innovation, no matter how well-argued and well-argued it is, has the probability of
both positive and negative results, and our research issue was not (and could not be) "separated"
from this dilemma. As a result, we tried to determine the probable scale of its (introduction of the
Tobintax) positive and negative consequences.
The authors have calculated the acceptable, estimated fiscal effect of the introduction of the tax –
from currency transactions by commercial banks (GEL, USD, EUR), from the release of state
securities. It was also mentioned about the approximate size of the taxable base.
We think that the present study will be interesting both for those interested in researching and
studying the issue, as well as for the structures of the financial and economic profile of the state
institution (the Ministry of Finance of Georgia, the Ministry of Economy and Sustainable
Development of Georgia, the Revenue Service, etc.), as the authors have made a modest attempt
to scientifically substantiate it in Georgia. Expediency of introducing the Tobintax. |
International Journal of Social Science & Economic Research
