The News in Brief
Thursday, May 30, 2024
Prepared by Messenger Staff
Parliament of Georgia Overrides President's Veto on 'Offshore Law'
The Parliament of Georgia has overridden the President's veto on the "Offshore Law" by re-voting and finally adopting the original version of the law. The law received support from 83 deputies.
The law will now be sent back to the President for signature. If Salome Zourabichvili does not sign it again, the Chairman of the Parliament will have the authority to sign the law. Once Shalva Papuashvili signs and publishes it, the law will come into force.
According to the law, assets registered in offshore countries should be exempt from profit/income, or import taxes when transferred to a company registered in Georgia.
The President vetoed the "Offshore Law" on May 3. Zourabichvili stated that legislative changes involving serious political and economic risks cannot be adopted in an accelerated manner, without adequate time for consideration and without any provision for public involvement.
Additionally, the President believes that the changes create an unequal and discriminatory environment for investors.
Israeli Ambassador Surprised by Georgian Officials Attendance at Funeral in Iran
In an interview with IPN, Israeli Ambassador to Georgia Hadas Meitzad voiced her surprise at the presence of Georgian Prime Minister Irakli Kobakhidze and Foreign Minister Ilia Darchiashvili in Tehran. They were attending the funeral ceremony of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian.
Meitzad further stated, "These two individuals, the President and the Minister of Foreign Affairs, were the ones who shaped, worked out the policies and founded, created, financed, equipped, trained brutal terrorist organizations throughout the Middle East. As patrons of Hamas, they bear direct responsibility for the genocidal acts committed by Hamas on October 7".
The Government of Georgia has condemned the terrorist attacks on the State of Israel and its citizens on October 7 of last year.
Parliament of Georgia Overrides President's Veto on 'Offshore Law'
The law will now be sent back to the President for signature. If Salome Zourabichvili does not sign it again, the Chairman of the Parliament will have the authority to sign the law. Once Shalva Papuashvili signs and publishes it, the law will come into force.
According to the law, assets registered in offshore countries should be exempt from profit/income, or import taxes when transferred to a company registered in Georgia.
The President vetoed the "Offshore Law" on May 3. Zourabichvili stated that legislative changes involving serious political and economic risks cannot be adopted in an accelerated manner, without adequate time for consideration and without any provision for public involvement.
Additionally, the President believes that the changes create an unequal and discriminatory environment for investors.
Israeli Ambassador Surprised by Georgian Officials Attendance at Funeral in Iran
Meitzad further stated, "These two individuals, the President and the Minister of Foreign Affairs, were the ones who shaped, worked out the policies and founded, created, financed, equipped, trained brutal terrorist organizations throughout the Middle East. As patrons of Hamas, they bear direct responsibility for the genocidal acts committed by Hamas on October 7".
The Government of Georgia has condemned the terrorist attacks on the State of Israel and its citizens on October 7 of last year.