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Georgia Among 17 Countries with the Lowest Tax Rates in the World

The World Economic Forum recently released its Global Competitiveness Report on the state of the world’s economies.

The group analysed data including levels of corruption, inflation, and policy stability to compile a picture of virtually every country.

One of the indicators the WEF uses is a country’s tax burden, with lower scores indicating higher competitiveness

To measure tax it uses the World Bank’s total tax rate, which accounts for all the taxes on businesses themselves rather than on the employees.

Georgia ranks 9th in the list titling: “16,4%- Georgia embraced a low tax model after the fall of the Soviet Union, repeatedly slashing the number of taxes and their rates”.