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Ukraine And EBRD Discuss Tax Corruption

by Tatiana Smolenskaya, Tax-News.com, Moscow

19 February 2013


Ukraine's Minister of Revenues and Taxes has held talks in London with the President of the European Bank for Reconstruction and Development on Ukraine's business environment and the problem of corruption among tax and customs officers.

The talks in London follow plans agreed earlier this month between the EBRD and Ukraine’s President, Viktor Yanukovych. The EBRD has invested over EUR8bn on more than 315 different projects in Ukraine, and corruption and unfair business practices have been an increasing concern. The EBRD wants a public-private working group on the issue and an independent ombudsman to protect business interests, as well as a long-term comprehensive Anti-Corruption Initiative. EBRD President, Suma Chakrabarti, emphasized that passing laws was not enough; laws had to be fairly implemented, and "action needs to be taken to stamp out corruption at all levels."

Ukraine's State Tax and Customs Ministries were recently combined. Minister Oleksandr Klymenko told Sir Suma that corruption among tax officers has decreased by 33% since 2011 levels, and he explained that anti-corruption measures aimed at tax officials were now being extended to apply to customs officers.

Klymenko added that Ukraine regarded foreign investor confidence as very important, and that tackling corruption was a priority not just for the investment climate, but for Ukraine's society.

TAGS: tax | business | tax authority | tax reform | standards | Ukraine

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