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Business    

New tax code aimed at helping big business, shadow government charges
Journal Staff Report

KIEV, June 18 – The new wording of the tax code is aimed at supporting big business at the expense of small and medium businesses, according to the shadow government.

"The target of this code is to give the possibility to one hundred companies to transfer taxation to millions citizens of the country," MP from the BYT faction and head of the committee for budget and financial policy Serhiy Teriokhin said at a meeting of the opposition government in Kiev on Thursday.

According to him, new methods of tax payment by private persons according to a simplified procedure may force over 1.4 million entrepreneurs to stop running their business and become hired employees.




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