The Ukrainian economy is emerging from the shadows

The shadow economy in Ukraine may become transparent

In brief: The level of growth of the shadow economy in Ukraine is hitting record lows. Hope for a way out of the shadow remains.

If the state will improve the tax environment for small business – it will be much more profitable to pay taxes, than to hide profits. In this case, small businesses come out of the shadow economy. This opinion was expressed by Segre Verbitsky, organizer of the Kiev club of entrepreneurs.

“If the promised tax breaks will be working and if it reduced the tax burden – of course, small businesses will be much easier and more profitable to pay taxes than hiding from them. But for that small businesses should be allowed, namely: outrageously simple reporting – a single window instead of ten. Then a small business will pay taxes. And it will not need to hold the attention of regulatory bodies to small business, not to mention the average “, – said Verbitsky. We remind the Government of Ukraine presented the new draft Tax Code. In particular, the Minister of Finance FedorYaroshenko expressed confidence that the adoption of the Tax Code will reduce the shadow economy at 30%. “To achieve such an outcome would, as incentives to the translation of shadow activities in the formal sector, and improving administrative procedures in tax administration for the first time created a unified system of rules, reduced to a single ordinance. For the first time at the system level, there are regulatory ensure informational and analytical activity of controlling bodies . System real step toward building riskoorientirovannoy monitoring system that will reduce adminnagruzku to bona fide taxpayers and direct the efforts of supervisory authorities in the direction of those tax evaders, “- said Yaroshenko.

Igor Tringlers
2010-06-11 01:50, Economics.

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