In Re (#11 November 2016)

Exit Capital Tax — the Alternative to Existing Corporate Profit Tax

Tetyana Y. Suchyk, Anna L. Kravchuk

The existing Ukrainian Corporate Profit Tax (CPT) system appears to be ineffective, creating prerequisites for its reform. The main problems that payers of the CPT face today are the complicated rules of tax base calculation providing for ambiguous and discrete interpretation, which is a constant risk zone for taxpayers, as well as difficulties in tax administration. Moreover, the existing system provides legal mechanisms for aggressive tax optimization, resulting in the maximum CPT load on diligent taxpayers while making CPT neutral for others.

We believe that introduction of an entirely different philosophy of income taxation is needed.


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