(Read the full article on unian.ua)

Economists and experts analyzing developments in Eastern Europe have drawn attention to tax reform in Ukraine, UNIAN reported.

This is stated in an article on the website of  The European Morning Post, which refers to a study by the Friedman Institute.

The media note that the current reforms of the Ukrainian government may provoke a new wave of “leakage” of business and labour from Ukraine to the West, including Poland, the Czech Republic and other Eastern European countries, which need an influx of labour and capital.

Experts’ analysis of tax reforms – increases in taxes on tobacco, royalties of iron ore, cars and other goods – shows their potential danger to Ukraine’s economy.

It is reported that in order to replenish the budget, the Ukrainian government plans to lift the moratorium on the indexation of the normative monetary valuation of land, on which depends the amount of taxes levied on farmers and land rent. Under the proposed reform, the government expects to receive an additional 3.4 billion hryvnias or more than 100 million euros a year.

“In addition, the government wants to introduce an excise tax on the sale of” green “electricity. According to some reports, the tax may vary from 3.2% to 40%,” – said in a statement.