Kyiv Post: Ukraine Pledges Big Tax Cut to Spur Energy Investment

Investors have complained vociferously that the nation’s goal to become energy independent is doomed by excessively high royalty tax rates of 55 percent enacted last year as a crisis measure.

The nation’s leaders listened and changed course, with a well-timed proposal to slash those rates to spur existing and potentially new investors.

Finance Minister Natalie Jaresko unveiled the proposal, which is subject to parliament’s approval, at the July 13 U.S.-Ukraine Business Focus taking place across the street from the White House.

Read the full article HERE.