The sole purpose of creating companies in low-tax jurisdictions was conducting operations for the transfer by President of Ukraine Petro Poroshenko of a 85 percent controlling stake in Roshen Confectionery Corporation to "blind trust" Rothschild Trust without withdrawing any funds from Ukraine, while a deal on the sale of these shares, if held, will be performed in Ukraine, the president of Ukraine has said.
“Every kopeck is subject to and will be taxed in Ukraine… The sale will be held in Ukraine and all taxes will be paid in Ukraine,” Poroshenko said at a press conference in Kyiv.
He again categorically denied any allegations of violation of the Ukrainian legislation and the alleged creation of schemes for tax evasion.
