#Ukraine: will new tax law hit the oligarchs? | beyondbrics

"

With economic challenges piling up fast, you would think Ukraine’s government would move fast to clean up things at home. Cracking down on a tax evasion in a country where the half of the economy is estimated to operate in the shadows would a good place to start.

But will the ruling administration of president Viktor Yanukovich force the billionaire oligarchs who backed him into paying their fair share of taxes, or will they continue applying various means to squeeze hard-earned cash out of average citizens that are struggling to survive?

A case in point is legislation adopted last Thursday by the pro-Yanukovich ruling majority in Ukraine’s parliament."

'via Blog this'