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Aggressive tax collection, global slowdown erode state revenues

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Aug. 15, 2012, 5:45 p.m. | Business — by Jakub Parusinski

Recession in much of the eurozone has experts worried about how Ukraine will hold up in the face of an increasingly anemic Europe.
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Jakub Parusinski

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State revenues dropped 20 percent in July compared to last year, raising concerns that aggressive tax collection by Ukraine's authorities has pumped the country dry. While experts say this is a factor, they also highlight deteriorating macroeconomic conditions that are steadily getting worse.

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AL BALA Aug. 15, 2012, 6:47 p.m.    

aggressive tax collection by Ukraine's authorities has pumped the country dry.

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AL BALA Aug. 15, 2012, 6:53 p.m.    

Gee ?

What did the Anti-Ukrainian government in Ukraine expect when the Anti-Ukrainian government in Ukraine closed over 200,00 Ukrainian businesses last year ?

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