Saturday, 20 March 2010

Cabinet of Ministers will not raise taxes In 2010

The Cabinet of Ministers does not intend to raise taxes in 2010.

Prime Minister Mykola Azarov announced this during a visit to Donetsk.

"Various measures connected with tax increases will not be taken this year. That is definite. We have no need for this and, most importantly, it is not economically expedient to continue the policy that was implemented last year. There should be no further increases in taxes. Therefore, we will approach these issues very carefully," he said.

According to him, the main task facing the Cabinet of Ministers is revival of the domestic market.

"We will support everything that will revive the domestic market," Azarov said.

According to him, Ukraine also needs to create a large middle class, thus reducing the gap between the poor and the rich sections of the pollution.

"That is an economic requirement. If we want the economy to be stable, our task is to ensure that most of the people are prosperous. We will do everything that will lead to realization of this task," Azarov said.

According to him, economic reforms will be implemented in a way that will ensure that the interests of the most vulnerable sections of the population are only marginally affected.

"The rich should share with the poor. That is definite. What is the mechanism for that? I have already proposed that our colleagues in the Economy Ministry calculate the number of expensive automobiles that are imported into Ukraine. If anyone cannot do without them, well, let the person pay five times the cost, for example," Azarov said.

He added that the Cabinet of Ministers was drafting other methods for reducing the social gap.

As Ukrainian News earlier reported, Azarov has forecast that a new Tax Code will come into effect on January 1, 2011.

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