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Europe pays and suffers – Zelenskyy spoils oligarchs with mini tax rate of 18%

Europe pays and suffers – Zelenskyy continues to spoil his oligarchs with a mini tax rate of 18%

The Billa seller in Austria helps with her wage tax to ensure that Ukraine remains solvent during the war: Vienna transferred 60 million euros in tax money to Kyiv, and the EU added billions. And what is Volodymyr Zelenskyy doing? He pleases even his oligarchs with a mini income tax rate of just 18%.

Richard Schmitt
16. August 2022 12:05

The well-known business law firm CBBL in Kyiv explains exactly the still current tax situation in Ukraine: 18% of the monthly salary is to be paid for income tax – no matter how high the income is, there is no graduation, what the various “businessmen”, which should make billionaires and oligarchs in Ukraine quite happy. In addition, a 1.5 percent military levy is due. And the social insurance is also quite affordable: It amounts to 22% of the Ukrainian minimum income – currently around 40 euros a month.

Thus, the rich elite of Ukraine supports the country’s extremely expensive fight against Russia with only 18% of their monthly income – while the EU citizens as well as us Austrians transfer millions and billions to Kyiv.

Would only have to pay 18% income tax in Ukraine: Ihor Kolomojskyj, billionaire and owner of the TV station where Volodymyr Zelenskyj was a series star. The businessman is also said to help finance the “Asov” regiment, which is infiltrated by right-wing extremists.

Austria’s small earners pay 20% tax, Kiev’s billionaires 18%

From our Austrian tax money, 59.46 million euros have already been transferred to support the Ukraine in the past six months – and as is well known, the tax burden in Austria is 20% for gross incomes between 1099 and 1516 euros. The Ministry of Finance already collects 32.5% from employees with earnings of 1516 to 2599 euros and then even 42% from 2599 euros.

The many oligarchs born in the Ukraine and at least still registered would have to pay more than 50% income tax in Austria – but the government of Volodymyr Zelenskyj only wants 18% of them.

As reported, experts at the Center for Economic Policy Research in London have already warned of a collapse of the Ukrainian economy and that the further course of the war cannot be financed if the Ukrainian tax system is not quickly adapted to Western European conditions.

The government in Kyiv will have their reasons why the well-known oligarchs continue to pay only 18% in income tax.

Should Austria, as a neutral country, continue to support Ukraine financially?

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