Businesses cool to yet another tax-change plan

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July 19, 2012, 11:22 p.m. | Business — by Katya Gorchinskaya

Tax collectors on July 12 presented their radical concept of reform, which would constitute revolution, rather than an evolution, of the system.

Katya Gorchinskaya

Katya Gorchinskaya has been the Kyiv Post's deputy chief editor since 2009 and is a contributor to The Wall Street Journal and other publications. Follow her on Twitter @kgorchinskaya.

Less than two years after Ukraine adopted a tax code hailed as a huge improvement, President Viktor Yanukovych is proposing a major makeover.
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AL BALA July 20, 2012, 5:12 a.m.    

Gee ?

Meanwhile !

Last year over 200,000 busniess were closed last year !

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Luke Smith July 26, 2012, 8:09 a.m.    

EBA director does not even see the problem of new concept. Of course because she sits in nice office getting her salery on time every month and running business is a fiction for her.
For tax authorities there is only one problem lack of money from taxes and they do everything it takes to bring them in. If they have to they will tax you at 120% and what you going to do. Nothing. Ukrainians same as Polish and other slavic nations are to lazy to act. They allow bunch of officials to rob them.
As to Mrs Derevyanko I would reccomend to get out of her cosy office and try to run her own businnes. She wold not last a week.

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Luke Smith July 26, 2012, 8:21 a.m.    

I some people haven't read proposed changes and they already make conclusions. 2,5% turnover tax is to replace profit tax.
This of course is bad for companies who constantly work at loss but if they can afford to work at loos they can afford 2,5% turnover tax.

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