Government of Ukraine Will Consider Business Initiatives
OREANDA-NEWS. March 15, 2012. Prime Minister of Ukraine Mykola Azarov announced at the session of the Cabinet initiatives of foreign investors in Ukraine which are conducive to do civilized business.
The Head of Government said that among the proposals - to provide absolute legal protection for creditors and investors. "We know this chronic problem and solve. Being prepared bill which once and forever will adopt the obvious things: there is the fact of a loan, the fact of investment - no court has any right to distort this fact", - Mykola Azarov said.
In addition, businessmen asked the Government to restore order on transfer pricing to offshore facilitators did not undermine the Ukrainian market, not skewed the competitive environment; to bring to fruition liberalization in construction to urban simplification rules could use private companies.
Also it was raised the question to give incentives for a strong stock market in Ukraine, to liberalize the rules of listing of holding companies registered abroad. Approve the rule of offer in contracts for the sale of shares.
According to Mykola Azarov, the business proposes to amend the calculation of value added tax - quarterly and income tax - every year.
"All these proposals the Government will consider carefully. All that will allow us (of course, not immediately, but consistently, in a few years) to approach to the free economy, which is in successful countries, we will take. And we will prove that we honestly do these rules ", - said Mykola Azarov, noting that appropriate instructions are given today to heads of ministries and agencies involved in discussions with investors and he promised to monitor their implementation.
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