Among investor worries, Ukraine’s current tax rates aren’t at the top of the list. Ukraine started lowering tax rates in 2015, bringing them closer in line with those of other European states.
Instead, it’s the administration of taxes, and the corruption that has gone along with it, that are bigger concerns.
Ukraine has been improving its ranking in indexes that track how many people pay their taxes over the past six years. One joint PwC and World Bank study gauges how easy it is for a standard medium-sized company to pay its taxes — since 2011, Ukraine has moved from 181st to 84th place among 190 economies, the biggest leap in recent years.