‘Temporary’ tax break grows wildly popular

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Aug. 7, 2012, 11:10 a.m. | Business — by Maryna Irkliyenko

Policemen surround tents set up by objectors for a non-stop sit-in during a demonstration against proposed tax changes, on Independence Square in Kiev, early on December 3, 2010. Small business leaders say the new tax code is weighed heavily against them and in favour of big businesses, which they allege are close to President Viktor Yanukovych's ruling Regions Party. AFP PHOTO/ SERGEI SUPINSKY

Maryna Irkliyenko

Maryna Irkliyenko worked as a Kyiv Post staff writer from 2009-2013. She is now a London-based private equity correspondent at Mergermarket, a global mergers and acquisitions news service.

 Ukraine’s so-called simplified tax system first appeared in the late 1990s as a temporary remedy for small businesses struggling under byzantine tax rules.

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