Ukrainian tax collectors have their own wisdom: "In order for a cow to give more milk, it needs to be milked more often." This is the principle that guided the Ministry of Finance when it secretly developed its National Revenue Strategy of Ukraine (or "National Revenue Strategy") without involving business and a wide range of experts.
The government released this document in December 2023. It caused a negative reaction and resonance among experts from leading think tanks and the business community.
The government began to persistently argue that this step was a prerequisite for Ukraine's European integration and that the IMF had insisted on adopting this strategy.
Overall, this is a harmful document, the implementation of which will set the Ukrainian economy back years and kill the few competitive advantages it still has over the economies of more developed countries. In this video, we argue that without a full review of the National Revenue Strategy and its approval by business, think tanks, NGOs and the expert community, its implementation will be a crime in time of war.
This video was produced in partnership with the Ukrainian Business Council, CASE Ukraine, ISET and more than 10 think tanks that are members of the Economic Expert Platform.
On March 25, an important congress "Public Finance Reform - the Way to Ukraine's Recovery" was held: kzfaq.infoh_RIgHsf... Throughout the year, economic think tanks together with leading business associations have been working on a map of reforms and looking for the most effective models that the Ukrainian government and parliament should implement now, without waiting for the end of the war.
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00:00 Introduction
01:42 Why is a revenue strategy critical for the country?
03:52 Positive aspects of the National Revenue Strategy
04:46 Disadvantages of the National Revenue Strategy
04:49 I. Lack of inclusiveness
05:23 II. "Reforming" the simplified taxation system
13:30 III.Simplified system for agrarian business
14:47 IV. Introduction of a progressive personal income tax scale
17:13 Bulgaria - an example of a successful rejection of the progressive scale
20:54 Personal income tax in the USA
21:32 Taxes in Canada
22:33 The myth of low taxes in Ukraine
24:37 V. Lack of equal approaches
29:27 Other risky points of the National Strategy
32:41 Schemes that harm the budget
34:50 Ukrainian Business Council against the National Revenue Strategy
37:36 Consequences of the strategy implementation (URB opinion)
39:54 We need to abandon the practice of presumption of guilt
41:10 What do Ukrainians think about certain points of the National Revenue Strategy?
42:54 What does the Ukrainian economy really need?
#economy #business #Finance