Economic effectiveness of agreements concluded by Georgia on the avoidance of double taxation

Abstract

At the modern stage, the intensification of interregional relations of socio-economic development between countries enhances the movement of labor and capital.
Further improvement of communication technologies significantly facilitates and, in turn, stimulates companies to conduct business activities in more than one country at the same time. The practice of international double taxation, however, hinders the growth of the scale of international business activities, which is reflected in the restriction of the free movement of capital, the formation of an unhealthy investment environment, and the creation of a deficit in the international division of labor market.