New Tax code provides loopholes for tax evasion, says VR committee head

In total, she went on, over 1,000 amendments have been proposed. “We realize perfectly well that a document with so many amendments cannot be effective and regulate the development of the country’s economy,” she stressed.

Ukraine economic circles believe, Korolevska continued, that the draft Tax code must be recalled and a work group of experts, entrepreneurs and public organizations should be set up to finalise the code. “This is stupid that the regime and its fiscal bodies should draw up a tax code to suit themselves. This draft is bad news for Ukraine business and budget since it opens many ways to skip taxes. The draft is opaque, unclear, with a haphazard system of privileges, and without tax on wealth,” the lawmaker noted.