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Money transfers might be taxed

By Messenger Staff
Thursday, August 18
More than a million citizens of Georgia live and work abroad and they maintain their families here through money transfers into Georgia. There has been some speculation that the government is considering the possibility of taxing these transfers. Some analysts consider this a negative move, as for many families in Georgia such transfers are their only means of survival and if they are taxed their income will decrease dramatically. This will decrease the amount of transfers as Georgians abroad will try to find some alternative methods which could seriously upset the Georgian economy.