Welcome!

News Feed Item

Ukrainian Prime Minister Pursues Tax Reforms Of Former Minister Oleksandr Klymenko

Innovations of Previous Ukrainian Revenues and Duties Minister Embraced

KIEV, Ukraine, Aug. 27, 2014 /PRNewswire/ -- While engaging in public dialogue concerning critical tax reforms, Ukrainian Prime Minister Arseniy Yatsenyuk has largely supported previous initiatives established by former Ukrainian Minister of Revenues and Duties Oleksandr Klymenko (http://oleksandrklymenko.com).  As detailed in a recent Ukrainian media report (http://finance.obozrevatel.com/business-and-finance/81529-yatsenyuk-vnedryaet-nalogovyie-reformyi-po-retseptam-klimenko.htm), Yatsenyuk welcomes much of Klymenko's tax restructuring efforts with the common goal of benefitting taxpayers.

Ukrainian Prime Minister Arseniy Yatsenyuk has largely supported previous initiatives established by former Ukrainian Minister of Revenues and Duties Oleksandr Klymenko. As detailed in finance-oriented Obozrevatel, Yatsenyuk welcomes much of "reformer" Klymenko's tax restructuring efforts with the common goal of benefitting taxpayers.

The news item, appearing in the finance-oriented Obozrevatel outlet, notes that efforts of current Minister of Revenues and Duties Igor Bilous have largely remained "ambiguous."  The report further observes the restructuring strategies presently in discussion by the Ukrainian leadership were first planned by "reformer" Oleksandr Klymenko (http://oleksandrklymenkotaxesukraine.com) and designed to reduce the burden on taxpayers' income. 

The shared focus of Klymenko, who served as Minister of Revenues and Duties from December 2012 to February 2014, and the current government, centers on the administration of the Unified Social Tax (UST) and Tax on Individual Personal Income (TIPI) with the aim of lowering overall rates and especially the portion paid by employers.  An effective approach, as advocated by Klymenko, achieves substantial progress in reducing the practice of 'under the table' salary payments – a significant issue facing Ukraine's tax authorities.

Government proposals regarding the tax on personal income also echo Klymenko's positions.  The models currently under consideration all share one common theme – the introduction of differential rates dependent on income level as well as the cancellation of the preferential rate on passive income.

Successive measures planned by Yatsenyuk repeat principles of Klymenko's administration, including the reduction of taxes and elimination of non-essential fees from which the state derives little, if any, gain.

Another concept championed by Klymenko (http://oleksandrklymenko4euintegration.com/) and supported by Yatsenyuk is the harmonization of tax accounting.  At a meeting with the European Bank for Reconstruction and Development (EBRD) in February 2013, Klymenko outlined the functions of the newly-created Investment Council within the Ministry of Revenues and Duties: to combat corruption, ensure transparency, facilitate foreign investment and articulate tax advantages for foreign investors, including swift and competitive VAT repayments. The EBRD President commended Klymenko for the reforms he initiated in the Ukrainian tax system, pledged support for the Investment Council and specifically lauded the leader for his role in fighting corruption.

A report in Forbes Magazine (http://forbes.ua/news/1374750-klimenko-tamozhnya-nedosobrala-4-mlrd-grn-v-byudzhet) outlines the transformations instituted while Klymenko was in office to be "de facto, ready-to-go solutions for carrying out further reforms. These include electronic reporting, service centers throughout Ukraine and up-to-date monitoring centers to fight the country's shadow economy."

For additional information:
Andrey Sokolov, Adviser to Oleksandr Klymenko
[email protected] / +380677658787

Photo - http://photos.prnewswire.com/prnh/20140827/140377

SOURCE Office of Oleksandr Klymenko

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...