The former Minister said how to win offshore

Бывший министр рассказал, как победить офшоры

According to the former Minister, in Ukraine it is necessary to create a business climate that will make offshore unnecessary

In Ukraine in the preservation of their property not sure even the President of the country, said Klimenko.

Proposed by President Petro Poroshenko measures deofshorizatsii of the Ukrainian economy will not have effect, because they needed deeper changes. According to the former Minister of revenues and duties Oleksandr Klymenko, in order to really prevent the withdrawal of capital from the country and form the point arrived in Ukraine needs to improve the business climate and return in the law on transfer pricing sample 2013.

“The presidential offshore Corporation Roshen is only the tip of the iceberg. The question is not whether they are legally registered. The most important thing in Ukraine in the preservation of their property not sure even the President of the country. He is afraid of the system, headed by”, – said Klimenko.

According to the former Minister, the whole structure of the Ukrainian economy, in fact, is a mirror of discrimination on the basis of material well-being. It is at the expense of offshore schemes by the oligarchs due to the peculiarities of the legislation have the opportunity to pay less tax (in percentage terms) than, for example, a small businessman or an employee.

Klymenko stressed that offshore, as well as other schemes and machinations is, first and foremost, a protest against unfair business tax and regulatory policy. Entrepreneurs are evading taxes because full payments will make his business unprofitable, emphasizes the former official.

The politician is also sure that it is necessary to return the law on transfer pricing 2013. “Before the blur of the provisions of this law after the change of government in 2014, it contained effective mechanisms to prevent understating the large enterprises of the sums of paid taxes and withdraw profits to offshore and low-tax jurisdictions,” – said Klimenko.

In addition, according to the former Minister, in Ukraine it is necessary to create a business climate that will make offshore partially or entirely unnecessary. “A strong state is not pressing business. In a strong and successful country, business does not translate the capital and assets of foreign subsidiaries because it is not needed is a strong state protects its property rights”, stated Klimenko.

As reported Корреспондент.net, in the Supreme Rada of Ukraine for consideration introduced a bill to tax sovereignty of Ukraine and the offshore company.

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