Date: 2 months ago   Category: Politics

The World Bank called populism a tax initiative of Poroshenko


The World Bank called populism a tax initiative of Poroshenko
Ukraine is not able to afford introduction of a tax on the removed capital which will reduce budget revenues by 1,5% of GDP, is sure Kakhkonen. The bill of replacement in Ukraine of income tax by a tax on the removed capital it is favorable to very limited circle of men of weight. It was said by the director of the World Bank for Ukraine, Belarus and Moldova Satu Kakhkonen in an interview to the Economic truth. "The risk of populism increases before elections. Unfortunately, we already noticed several populist initiatives. The first of them is already discussed openly: replacement of income tax with a tax on the removed capital", - said Kakhkonen. According to the representative of the World Bank, Ukraine is not able to afford introduction of this tax initiative. "Introduction of NNVK will reduce budget revenues by 1,5% of GDP. A fiscal situation which already difficult, will become even more difficult. In Ukraine we do not see opportunities for realization of this replacement. What expenses to cut down? On pension? On health care? Introduction of NNVK is favorable to only very limited circle of men of weight", - she told. According to her, the countries which imposed this tax in comparison with Ukraine are very small also them a little. Besides, they took this step together with sharp reduction of an account part of the budget. "If you deprive the budget of a considerable part of income, then the choice at you is quite logical: or you reduce an account part, or increase deficiency which, as we know, needs to be covered with something. I am concerned by NNVK because I see how it is positioned - as an element of stimulation of investments", - said Kakhkonen. At the same time, according to the representative of the WB, among the largest obstacles for business in Ukraine investors call not income tax of the enterprises. "It is necessary to speak about other measures of stimulation which helped investors. Fiscal destabilization will help nobody: to neither investors, nor citizens", - summarized Kakhkonen. Let's note, in Administration of the President of Petro Poroshenko who is an initiator of change of taxes, said earlier that the tax on the removed capital "positively is perceived by a business environment in general". News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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