Two years after overthrowing former president Viktor Yanukovich, there is no worse place in Europe for doing business than Ukraine.
The Bank of National Economy (Bank Gospodarstwa Krajowego, BGK) is exempted from the tax, but participates in the creation of the WIBOR. This could disrupt the market.
Local governments have abandoned their dreams of the cadastral tax for now, but they are still after higher revenues from land and buildings.They came up with geographical tax progression in order to save the budgets of communes...