Ukrainian businesses earn more, pay less—hurting the defense budget
Ukraine’s defense now depends entirely on taxes—yet businesses are paying less even as their revenues grow.
Browsing Tag
War tax
4 posts
Russia raises taxes as $59.7B deficit grows
Russians face a VAT increase while Putin dismisses the 5 trillion ruble budget hole, breaking the promise of no tax rises until 2030.
Ukraine triples military tax, but still faces $ 12 billion defense gap in 2024
Starting in December, citizens face a military levy increase from 1.5% to 5% as Kyiv scrambles to close a sizable shortfall in immediate defense needs, with the new tax revenue going primarily to weapons production and military salaries.
“War tax” on Russian LNG is key to starving Kremlin’s war chest
As Russia's military budget swells to nearly 8% of GDP, policy analysts urge the EU to implement a targeted customs duty on Russian LNG imports