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Poroshenko establishes working group on countering movement of profits abroad
28.04.2016 14:28 "Agro Perspectiva" (Kyiv) —
As of today, the Ukrainian President Petro Poroshenko has signed the Decree on Measures of Countering Reduction of Tax Base and Movement of Profits Abroad, President Petro Poroshenko Press Office reports.
As to the report, the Head of the Verkhovna Rada Committee on Tax and Customs Policy Nina Yuzhanina has been appointed Chairman of the Working Group.
It is to be admitted, by Jun 10, 2016, the Working Group must elaborate draft laws on the improvement of control over transfer pricing, withdrawal of income abroad, introduction of rules concerning controlled foreign companies, countering aggressive tax planning and liberalization of currency legislation of Ukraine. The draft laws must be elaborated with consideration of the international initiatives of the OECD.
Reportedly, the Decree shall take effect from the date of publication.
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