Dinu Patriciu Eurasia Center Resident Senior Fellow Anders Aslund writes for VoxUkraine on why Ukraine needs tax reform:
At present, the government’s proposal at a radically changed tax policy is the main issue of economic discussion. This proposal is basically right and deserves all support. The fundamental problem with Ukraine’s public finance is that public expenditures have persistently been far too large. In 2014, Ukraine had public expenditures of 53% of GDP, while successful fast-growing countries in the neighborhood (Lithuania, Latvia, Slovakia, Bulgaria and Romania) had public expenditures of about 35% of GDP, which should the Ukraine’s target.