**Ukraine Business Roundup: Tax Hike Debate and More**
Welcome to the Oct. 8, 2024 edition of our Ukraine Business Roundup newsletter. Stay updated on the latest business and tech news from Ukraine by subscribing here. Public concern is growing as a bill proposing tax hikes moves through Ukraine’s parliament. The draft law includes raising the military tax, imposing higher taxes on self-employed individuals, and implementing taxes on bank profits and financial institutions.
Facing a $35 billion budget deficit and the ongoing conflict with Russia, Ukraine seeks funding to sustain its economy and war efforts. Business leaders like Aleksandr Konotopskyi and Tomas Fiala emphasize the need for government crackdown on tax evasion and corruption. As the debate on tax reforms continues, businesses urge for a focus on customs reforms to level the playing field.
Amidst these discussions, Ukraine’s proposal to have foreign observers near its nuclear plants for safety raises eyebrows. Additionally, partnerships like AeroVironment’s deal to produce kamikaze drones in Ukraine and the growing demand for rural homes reflect the country’s evolving business landscape. Stay tuned for updates on other developments like the joint energy hub with Slovakia and efforts to overcome hurdles in funding from the EU. Explore more about these stories and the implications on Ukraine’s business environment.
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