Ten million for the budget

Oles Horodetskiy, May 12th, 2014

Ukrainian Italians, and there are 250 thousand of them, are the biggest European diaspora and one of the biggest, permanent and stable currency donors for the Ukrainian economy.

Within the last 20 years, a separate category of self-employed people has been formed, which is being serviced by our working migrants in Italy. These are the bus drivers. Continue reading

Yatsenyuk Wants to Cut the Number of Taxes by 17 Times

Prime Minister Arseniy Yatsenyuk stated in his speech before the Parliament on March 28 that, following the revisions to the Tax Code, the number of taxes levied in Ukraine may be cut down to eight.

“We must adopt a new version of the Tax Code, which would provide for cutting down the number of taxes to eight and for expanding the tax base”, he said. According to Yatsenyuk, a draft law to this effect could be introduced in Parliament sometime next year.

“The more simple the tax system is, the fewer opportunities are there for officials to collect bribes”, noted the Prime Minister. As a reminder, Ukraine holds the first place globally in terms of the number of various taxes levied. The World Bank has calculated that Ukrainian businesses pay, in some form, a total of 135 different taxes. Continue reading