Ukraine loses USD 2 bln annually in revenue to tax dodging of international grain traders
The Prosecutor General's office initiated criminal proceedings for non-return of foreign currency earnings attributable to the shadow schemes of international grain traders, the Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danil Getmantsev wrote on Facebook.
"USD 2 bln. This is the amount of money not returned to the state in the form of foreign exchange earnings every year through the actions of fraud who first purchase grain for cash and then export it abroad. This is the money that our economy loses. These are the taxes our health workers lose. This is the revenue that criminals receive," he states.
Danil Getmantsev considers the global commodity traders being involved.
"We had a productive meeting at the Prosecutor General's office. Criminal proceedings have been initiated. Investigations are progressing. The international criminal scheme will be broken up," he concludes.
Previously it was reported that the loss from non-return of foreign currency earnings in 2019-20 was estimated at USD 1 bln.