More than three decades ago economists famously concluded that tax compliance is rather irrational behavior. Literature, across a wide range of disciplines, has since been overflowing with analysis as to why we see so much tax compliance in the modern world. The academic literature is concerned with why people pay so much tax or why so many people pay taxes, therefore policy-makers can gain an understanding of the underlying mechanisms, which thus allows them to design appropriate policy actions to boost revenue efforts.
Income generated from tax collect...
ISET Economist Blog
A blog about economics in the South Caucasus.
Dec
06
Jun
11
On May 17, 2017, the Georgian government adopted amendments to the Tobacco Control Law with 85 votes in favor, and only one against. This highly debated new regulation, which bans smoking in public places, was initiated by Parliament member Ms. Guguli Maghradze who just recently discussed the obesity problem in Georgia, which is caused partly by excess sugar consumption. Georgian public which is familiar with statements turning into law considered Ms. Maghradze’s statement as a prelude to enacting a sugar tax in Georgia. During the informal interv...
Recent Comments
Not only is sugar tax unfair but it also completely misses the goal its trying to reach. Producers will replace sugar with other, ... Read More
Friday, 15 June 2018 6:06 PM
Dear Quji, thank you for your comment. I agree with you that we have problems related to food quality and its control mechanisms. ... Read More
Tuesday, 19 June 2018 5:05 PM
Mar
06
The so-called “Economic Freedom Act” (EFA), which has been a matter of public discussion in recent weeks, refers to two pieces of legislation: (i) a Constitutional amendment from 2010, which requires a referendum for introducing new taxes or increasing the tax rate, and (ii) the Law on Economic Freedom (2011), in force since 2013, setting a number of additional restrictions to government fiscal policy (Table 1).
Table 1. Law on Economic Freedom in Short
Number of Tax...
Nov
05
“All the evidence shows that God was actually quite a gambler, and the universe is a great casino, where dice are thrown, and roulette wheels spin on every occasion. Over a large number of bets, the odds even out and we can make predictions; that's why casino owners are so rich. But over a very small number of rolls of the dice, the uncertainty principle is very important” – Stephen Hawking.
Casinos, totalizators, and other gambling institutions are very popular in Georgia. According to the study “Gambling in Georgia – Second Report,” conducted by Transp...
Recent Comments
I am very glad you managed to survive, Giorgi, and write this very important article!
Beyond the three smart policy options you ... Read More
Monday, 07 November 2016 1:01 PM
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