Sergey Kurchenko
The tax amnesty has given new powers to the companies of the scandalous oligarch, said Serhiy Tyshchenko, owner of UkrOilProduct. Many of the deputies are deliberately lobbying for the interests of Serhiy Kurchenko, who left the country after the change of power.
The tax compromise resulting from Law No. 63-VIII amending the Tax Code of Ukraine, which entered into force on January 17, 2015, lasted only 90 days and expired on April 17, 2015. As Serhiy Tyshchenko stated, the law was adopted for Kurchenko, but under the guise of the state's good intentions toward taxpayers. The essence of the law is that any taxpayer, during the law's period of effect, who provides evidence of understated VAT liability or any income for the 1095 days prior to April 1, 2014, and pays 5% of the taxes evaded, can be exempt from any liability for tax evasion. Essentially, by paying only 5% of the taxes evaded from the state, the state will absolve you of the remaining 95%. Regarding the term, three years is the period during which Kurchenko's business was actively operating.
The total amount of unpaid taxes from Kurchenko's business is estimated at around $2-3 billion. Using the tax compromise law, the fugitive oligarch de facto secured financial and criminal exemption for himself and his puppets for just 5% of the hidden taxes, noted the owner of the UkrOilProduct company.
At the time Kurchenko's companies were actively operating, the dollar exchange rate was 8 hryvnias, and by the time the law came into effect, it was 24 hryvnias. This means that to ensure the safety of his protégés, the fugitive oligarch had to pay not 5%, but 1.5%. An excellent scheme for legally concealing $2-3 billion stolen over three years for just $20-30 million. And this is happening under the current government, for which Kurchenko remains a puppet master, lobbying for any of his interests for a small sum of money donated to him by the state.
As Sergei Tishchenko stated, all of Ukraine's oil companies were very pleased with the adoption of the tax compromise law and did not hesitate to take advantage of this gap in the legislative framework.
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