35184
Ukraine Corruption Worsening
World Economy

Ukraine Corruption Worsening

The manager of Danone Nutricia in Ukraine cannot for legal reasons say whether the Ukrainian tax authorities demanded bribes to drop an audit into his business. But he has one word to describe their aims and methods: “Mafia”, Reuters reported. Though it has been in Ukraine since 2001, the company, a subsidiary of French food group Danone, was handed a 15-20% higher tax bill after auditors spent five weeks looking for minor clerical errors in its accounts. Manager Tahsin Yasin said the audit, which the company is contesting, made him realize the government’s much-vaunted reforms were off-track, a gloomy prospect for a country battling an economic crash and a separatist war. Since coming to power in 2014, the pro-western government has pledged to stamp out the systemic graft that flourished under former president Viktor Yanukovich and kept Ukraine hooked on Russian money and cheap gas. But for many, corruption has stayed the same or even got worse, eroding public support for the authorities, deterring foreign investment and causing Ukraine’s western backers to question Kiev’s ability to deliver real change.

 

Short URL : http://goo.gl/zXJGq6
  1. http://goo.gl/YcwD4q
  • http://goo.gl/gnCOaz
  • http://goo.gl/1qkFKC
  • http://goo.gl/IyHzKt
  • http://goo.gl/XgslrW

You can also read ...

Many experts on Afghanistan mock the founder of the mercenary army's concept of privatizing the war there.
Mercenary turned private security tycoon Erik Prince has...
Japan, EU, US  to Jointly Pressure China on Fair Trade
Japan, the US and the European Union will join together to...
Pakistan Maintains Macroeconomic Stability
The International Monetary Fund delegation appreciated...
Crunchtime looms for Turkey and South Africa where bond yields in both countries have surged this year.
Five big themes are likely to dominate the thinking of...
Investor Confidence Lifts Brazil Growth
Brazil’s economic recovery gained traction in the third...
Egypt Current Account Deficit Narrows, Inflation Falls
Egypt’s current account deficit narrowed to $1.6 billion in...
Danske Bank Robot Has 11,500 Clients
In just over half a year, Danske Bank A/S has attracted 11,500...
UK’s Labour in Corruption Scandal
Britain’s Labour party has been plunged into a corruption...

Trending

Googleplus