Georgia’s capital will host global meeting on tax avoidance strategies

Georgia’s capital Tbilisi will host dozens of top officials including members of the G20 at a special meeting in October to discuss tax avoidance strategies on national tax bases.

A group of delegates from 30 countries from Eastern Europe, Central Asia and the EU are due to take part in the Base Erosion and Profit Shifting (BEPS) meeting. The officials will talk about the reforms and projects that should be implemented regarding the taxation system.

The decision for Georgia to host the important meeting was made today in France, where Georgia’s Finance Minister Nodar Khaduri is on an official visit.

Today Khaduri met Pascal Saint-Amans, a director of the Centre for Tax Policy and Administration at the OECD (Organisation for Economic Co-operation and Development). At the meeting the sides agreed to hold the next BEPS meeting in Georgia.

Georgia’s Finance Ministry believed this meeting could benefit Georgia and help the country adjust its taxation system to meet international and global standards.

The October 21-23 BEPS meeting will be organised by the Finance Ministry, Revenue Service, the OECD and the G20, which comprises of envoys from a mix of 20 of the world’s largest, advanced and emerging economies.