The Ukrainian minister of finance, Oleksandr Danylyuk, promised Prime Minister Jüri Ratas (Center) in Davos on Thursday that the issue of Estonia having been added to a Ukrainian tax haven watchlist will be resolved quickly. According to Estonian ambassador in Kiev, Gert Antsu, the reason why Estonia was added to the watchlist is that Ukraine treats Estonia’s principle of tax-free reinvested corporate gains as a 0-percent corporate income tax, while in actual legal fact corporate income tax is paid on dividends, and the system makes avoiding tax impossible.
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