Ukraine needs to go the path not of populism, but of real change. But ill-considered taxation can not only empty the coffers and scare away investors, but also play into the hands of Russia.
This is discussed in the material published in The Brussels Times… “The fight against corruption is being replaced by the fight against large and medium-sized businesses, parity taxation is being replaced by a tougher tax burden, the judicial system, as noted by PACE, is being replaced by decisions of the presidential administration and a couple of other officials. are still misused with a taste of corruption. And all this is happening in a country that is fighting back the aggressor on its eastern border, “the article says.
According to the publication, it is so difficult for investors in Ukraine in these conditions that they are forced to curtail projects and leave the country. Meanwhile, bill # 5600 could turn Ukraine into a tax record holder.
“You can recall the case of TIU, a Canadian green energy company. TIU’s management invested more than $ 65 million in Ukraine, building four solar power plants before it fell victim to a raider attack. The government’s move to impose massive restrictions on business culminated in tax reform , which the Ukrainian parliament is preparing to pass. If the tax law, presented to the local parliament last week, is passed, the combined taxation of enterprises may be the highest in the world, “- said the publication.
Such ill-considered taxation will only devastate the treasury, which will play into the hands of Russia, the authors of the material are sure.
“Do those who seek help from the West understand this in Ukraine? In theory, they should first of all help themselves. Because the economy, weakened by the hostilities, will become even weaker. The efforts of Ukrainian officials will bring the integration of the Ukrainian and European economies to zero. It is clear that the EU is carefully evaluating the achievements and decisions of its potential members in strengthening their own economies, reducing unemployment, increasing transparency and stability in taxation, protecting local and foreign investors, and taking steps against corruption. direction, but we would prefer to see some real and legal steps to decriminalize the Ukrainian society and its officials, “the publication sums up.
We will remind, the government approved and submitted the bill to the Verkhovna Rada №5600 on amendments to the Tax Code of Ukraine, which provide for tax increases for a number of industries.
The American Chamber of Commerce has already opposed this project: it said that most of the proposed changes are unacceptable for the business environment, and ATP members have comments on each section of this bill.
Earlier, a member of the parliamentary committee on finance, tax and customs policy Nina Yuzhanina said that Ukraine has already lost billions of investments through the government’s endless tax initiatives, and now the last investors are leaving the country.
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