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Government planning to create service to control offshore investment
17.10.2011 15:19 "Agro Perspectiva" (Kyiv) —
This was disclosed by Ukrainian Deputy Prime Minister and Social Policy Minister Serhiy Tihipko at a briefing as part of the XI International Economic Forum in Truskavets, Lviv region.
«We have currently drafted the project, and I think that in about a month we will propose amendments to the tax code to create a service in the tax administration, which will be vested with respective powers (on controlling schemes for investment flows from offshore zones),» he said. At the same time, Tihipko said that «there is a risk that this service, with additional powers, may not always be used effectively. It means that risks for entrepreneurs could increase. And here it’s necessary to talk about public control.»
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