OREANDA-NEWS. November 24, 2011. The adoption initiated by the Ministry of Social Policy of Ukraine draft laws on the taxation of wealth and taxation of transaction with offshore zones will allow an additional approximately 4 billion UAH each year on pensions to receive. This was started by vice Prime Minister of Ukraine - Minister of Social Policy Sergiy Tigipko during a briefing in the building of the Cabinet of Ministers.

"We have provided rise in pension benefits for disabled liquidators of the Chernobyl disaster for 1.9 billion UAH. If the laws on taxation of wealth and offshore operations be adopted the budget of the Pension Fund will receive significant additional funding to increase the social protection of most vulnerable population groups", - Sergiy Tigipko said.

The official noted that revenues from wealth tax are expected to be 800 million UAH each year. In addition, three billion will be involved from the taxation of the transaction with offshore companies and expanding the list of zones from the existing 33 to 68.

Sergiy Tigipko said that laws on the introduction of taxes on wealth and transaction with offshore companies have already discussed by public on the site of the Ministry of Social Policy and its page in Facebook. "People are actively engaged in discussion. We receive hundreds of proposals, which we generalize and which we will include to legislation", - noted the official.