Rising prices and layoffs - what will happen in Ukraine if taxes are raised

According to a survey of businesses about their actions in case of tax increases:

♦ 72.2% of Ukrainian businesses will increase prices for products or services;

47.7% will optimize taxes;

45.0% will optimize costs;

21.9% will reduce staff;

21.9% will look for new sales markets;

17.9% will suspend operations in Ukraine;

11.3% will increase efficiency;

10.6% will reduce production and sales.

Only 2% of respondents said they did not plan to optimize their tax payments in the event of a tax increase.

The MP suggests analyzing what will happen in the aggregate: the budget will receive 0 additional revenues, while the shadow and migration of business is impressive.