Euro 2012 – Ukraine and Poland

August 17, 2007

Yanukovych Does Not Want to Reduce Taxation

Filed under: Money,Ukraine — Ivan @ 2:51 am

The Finance Ministry opposes the idea of giving tax breaks for cities hosting Euro-2012 Football Championship.

According to Head of Department of Tax and Custom Policy for the Finance Ministry, Serhiy Servetnyk, taxation should not be linked to definite events otherwise it will be discrimination.

He claims that those five cities hosting the championship will unlikely acquire a status of ?free economic areas?.

The official re-assures that the majority of tax preferences demanded by mayors of hosting cities are stipulated in a new Tax Code which is to be adopted soon.

?A draft Tax Code stipulates to tax enterprises polluting the atmosphere. There is also a transport tax which will surely bring profit to the cities. The Tax Code aims at accumulating funds and liquidating tax evasion.?

Mr. Servetnyk suggests Euro hosting cities to attract more investments for development of infrastructure and reconstruction of stadiums.

Five cities will host the 2012 Euro Football Championship: Dnipropetrovsk, Kharkiv, Odesa, Donetsk and Lviv.

Source: Ukrayinska Pravda

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