29 September 2010, 14:34
Mykola Tomenko: Denunciation of the Agreement between the Government of the USSR and the Republic of Cyprus signals whether the Government and the Coalition support the President´s Initiatives
Mykola Tomenko, Deputy Chairman of The Verkhovna Rada of Ukraine, addressed Mykola Azarov, Prime Minister of Ukraine, with a request to settle the issue of illegal outflow of Ukrainian capital through the Republic of Cyprus.
Mykola Tomenko reminded that the effective Agreement between the Government of the USSR and the Government of the Republic of Cyprus on Prevention of Double Taxation of Income and Property exempts any income transferred from one country to another from tax, except of certain cases of taxation of individuals or income of standing representative offices.
The Deputy Chairman stated that the Government had submitted the bills on denunciation of this Agreement three times (the Government of Yu.Yekhanurov in 2006, and the Government of Yu.Tymoshenko in 2008). However, the factions of the Party of Regions, the Communist Party and the Lytvyn Bloc rejected the bills.
"It is not for the first time that the Ukrainian Government declared the slogan ‘the rich should share with the poor´, Mykola Tomenko stressed. He believes that it means full administration of taxes from big business, first of all, not merely small and middle-sized one. "In fact, the applicable Agreement with the Republic of Cyprus legalizes tax evasion and the outflow of income of Ukrainian companies," the Deputy Chairman admitted.
Mykola Tomenko, Deputy Chairman of The Verkhovna Rada of Ukraine, addressed Mykola Azarov, Prime Minister of Ukraine, with a request to submit the governmental bill on denunciation of this agreement to the Parliament in the shortest terms.