If Ukraine fails to win over the trust of business and citizens then the country could become even more dependent on IMF aid. Roman Olearchyk writes: "The Baltic states did it. Slovakia did it. Even Russia did it. Now Ukraine is close to adopting a tax code that it claims will cut corruption and red tape - and be recognised as one of the most liberal in Europe. Borys Kolesnikov, deputy prime minister, said in a Financial Times interview that his government is serious about attracting massive investment and boosting domestic businesses by establishing “one of the most liberal tax codes.”

It all sounds great. But still fresh in memory is this newish government’s first botched attempt at tax reforms. If Ukraine fails to win over the trust of business and citizens, if taxpayers fail to show up, then the country could become even more dependent on IMF aid."

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