The iron ore, steel and agricultural products fall under tax fraud.
The Ukrainian treasury annually loses up to 750 euros of tax due to tax fraud of the large local business, Spiegel reports quoting these studies of left-wing faction and Scandinavian Green in the European Parliament, ua1 reports.
As evidenced by research results, during previous three years (between 2015 to 2017), the export of iron ore from Ukraine was underestimated by min. 20%. Extrapolating data of the mining on other industries, the experts conclude that the concealment of proceeds abroad cost Ukraine about 3 bln euros.
The researchers note that not only the iron ore, but also steel and agricultural products fall under tax evasion schemes.
Consequently, for one year, tax shortfalls to the Ukrainian budget reach 750 mln euros.
Most often, Ukrainian businessmen evade tax through the so-called transfer pricing: the products are sold to units of the same company, but in low-tax countries at the price, lower than the market price. Therefore, the company provides less amount of profit before tax in Ukraine.
The authors of studies consider results important as from 2014, the European Union provided Ukraine 11 bln euros. As the experts emphasize, it is a large money assistance for the country, whose annual economic turnover is 92 bln euros.
It should be reminded that previously, the German edition Süddeutsche Zeitung published data of the journalistic