Sticking to his exit capital tax, the President believes the IMF will accept the tax if it can be implemented in a way that is ‘revenue neutral’ for the budget

Thursday, November 1, 2018
Sticking to his exit capital tax, the President believes the IMF will accept the tax if it can be implemented in a way that is ‘revenue neutral’ for the budget

Sticking to his exit capital tax, the President believes the IMF will accept the tax if it can be implemented in a way that is ‘revenue neutral’ for the budget. “I am not planning to step away from this idea of tax on withdrawn capital,” he said. “If it worked in Georgia, Italy and Estonia, if Latvia is doing it, if it has the support of the EU commissioners, why not Ukraine?” To stimulate foreign investment, the tax would defer corporate taxes on earnings until the money is taken out of the country. “If you want to take money out, ok pay,” he said “If you want to invest more [here], go ahead.”

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