Home / Economy / Expert: Business’ Reaction on Excise tax Increase is Legal and Logical
Expert: Business’ Reaction on Excise tax Increase is Legal and Logical

Expert: Business’ Reaction on Excise tax Increase is Legal and Logical

Maia Grigolia, director of research centre PMCG, diverge the so-called currency crisis version formed by the speculative action groups.

Shocked business’ reaction on excise tax increase, announced by the government, is legal and logical, as they want to store resources in anticipation of the price rising and it should not be qualified as speculation.

Maia Grigolia considers that challenges are declared, it is clear, that the situation will be hard, but it is reality. However, it is compensated by the positive expectations, which is given by the researchers.

Zero tax on reinvested profit will give opportunity creation of 1.5% more wealth. In addition, reform package is for high standards, the direction is taken towards the stabile markets, which is hardly achievable, but focused on the future. The steps are planned in line of the EU Association.