Ukrainian efforts to stamp out tax evasion and corruption among public officials in line with commitments to the IMF hit a setback Monday when a new online income declaration system flopped at launch.
Under the new system, some 50,000 senior civil servants will initially have to declare all their earnings and list property and other assets electronically — an attempt to root out entrenched corruption in state institutions.
In theory, the new system would make the revenue and property holdings of officials, such as villas, open to scrutiny online.
The IMF, whose credit programs are vitally needed to support Ukraine’s debt-laden economy, has …read more
Source: Voice of America
