New tax reform: rates reduced, tax base broadened
‘10-13-10’ is the optimal formula to bring businesses out of the shadows and increase economic growth. Later, taxes can be slightly increased again
Andriy Dligach
Chairman of Advanter Group, Founder and Chairman of Kyiv Foresight Foundation, Global Ambassador of Singularity University
The essence of the new anti-corruption tax reform proposed by our team is to fight not the consequences, but the causes of Ukraine's shameful economic situation and corruption.
We need to start eradicating the economic preconditions for corruption while improving tax administration and increasing the responsibility of taxpayers and entrepreneurs.
Economic modelling has allowed us to determine the optimal tax rates that will allow businesses to come out of the shadows almost completely, reduce the state budget deficit, increase investment by 18 percent, create 20 percent more jobs, and generate four to six percent of additional economic growth.
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