10 billion out of 22.4 billion dollars are dividends.
Photo: nv.ua
The Business of Dear People has withdrawn $ 22.4 billion from Ukraine in three years. At the same time, $ 5 billion was exported to Cyprus, $ 4 billion to the Netherlands, $ 3 billion to the United Kingdom, and $ 2 billion to Germany.
This was announced in an interview with Interfax-Ukraine by the head of the State Tax Service Oleksiy Lyubchenko.
“We recently hosted a conference on the implementation of the BEPS plan . We invited our colleagues from the relevant authorities in Germany, the Netherlands, the United Kingdom, Cyprus, Switzerland, Austria, the United States – the countries where our esteemed people have withdrawn the most money. brought out $ 22 billion. This topic deserves attention. Also almost $ 90 billion a year of controlled operations, “- said Lyubchenko.
According to the State Tax Service, $ 10 billion out of $ 22.4 billion are dividends. In total, $ 0.63 billion of tax was paid out of $ 22.4 billion at an average rate of 2.8%.
According to the head of the department, the transfer pricing mechanism (TCU) will allow to leave $ 30-40 billion in profits in the country.
“My position is to create conditions when the country will rest a bit from unfair play,” Lyubchenko said.
(c)LB.UA 2020
Something lost in translation here…
I agree. The article leaves you not only uninformed but confused.
Tax avoidance by Ukrainians seems to be the topic of the article.
BEPS refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity or to erode tax bases through deductible payments such as interest or royalties.
Thanks. I wish I only had to pay 2.8%…..when the VAT is 20%.