December 11, 2015
The press conference on “Tax Reform – 2016: what shall business expect” was held on December 9, 2015 in the information agency “Interfax-Ukraine” press center. Organizator –publishing house “Yuridicheskaya Praktika” with support of “Business” newspaper.
Five leading lawyers in the tax area according to Legal Awards (winners for the last 5 years) commented on the major legislative initiatives of the Ministry of Finance of Ukraine and the Verkhovna Rada of Ukraine on Taxation and Customs Policy.
Senior Partner of WTS Consulting Alexander Minin in his report drew particular attention to necessary elimination of risks regarding transformation of any tax disputes on significant amounts to the criminal investigations that became common practice of nowadays. The expert mentioned that in this regard the project of the Ministry of Finance creates additional risks by suggestion of alternative dispute resolution and its related peculiarities of the criminal proceedings. Alexander noted that some kind of permanent mechanism of tax compromise for major non-taxpayers was offered. On the one hand it creates corruption risks and possibility of evasion from full payment of taxes, and on the other hand – potential mechanism of incitement to “compromise” through criminal threats. Separately the speaker analyzed required changes in tax area, which would be welcomed.
Due to such step, to Mr. Minin’s opinion, it is possible to achieve certain reduction of rates and cancellation of controversial payments, to which the expert refers military fee.
As well other issues were discussed during the event. Detailed information is available on the website of Yuridicheskaya Praktika.