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Business discussed the “10-10-10” tax reform with the Office of the President

23/ 09/ 2022
  On September 22, the European Business Association held a meeting with Deputy Head of the Office of the President of Ukraine Rostyslav Shurma to discuss the concept and details of the 10-10-10 tax reform. According to the authors of this reform, having higher rates than neighboring countries, as well as a tradition of tax optimization and an incorrect tax architecture, as a result, Ukraine has a lower investment attractiveness and a slow pace of economic development. Moreover, the excessively high rate of labor taxation leads to the fact that about 85% of employers optimize payroll taxes in one way or another. Therefore, under this reform, the state offers reasonably low taxes, while business undertakes the obligation to pay taxes on time and in full and pay white wages. We are grateful to Mr. Shurma and his colleagues for presenting and discussing this initiative. Business will study the proposals in detail and work on the development of a consensus position, as this reform is quite comprehensive and affects all taxpayers from various business areas.

On September 22, the European Business Association held a meeting with Deputy Head of the Office of the President of Ukraine Rostyslav Shurma to discuss the concept and details of the “10-10-10” tax reform.

According to the authors of this reform, having higher rates than neighboring countries, as well as a tradition of tax optimization and an incorrect tax architecture, as a result, Ukraine has a lower investment attractiveness and a slow pace of economic development. Moreover, the excessively high rate of labor taxation leads to the fact that about 85% of employers optimize payroll taxes in one way or another.

Therefore, under this reform, the state offers reasonably low taxes, while business undertakes the obligation to pay taxes on time and in full and pay white wages.

We are grateful to Mr. Shurma and his colleagues for presenting and discussing this initiative. Business will study the proposals in detail and work on the development of a consensus position, as this reform is quite comprehensive and affects all taxpayers from various business areas.

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