In March, Ukraine’s government adopted the Action plan for reforms in 2015 and 2016 while the IMF board approved four-year USD 17.5 bn extended arrangement under the Extended Fund Facility (EFF). The EFF supports ambitious program of Ukrainian authorities, which would in IMF words ‘put the economy on the path to recovery, restore external sustainability, strengthen public finances, and support economic growth by advancing structural and governance reforms, while protecting the most vulnerable’.

On Monday, April 13, 2015, Vit Jedlička, a Czech politician and a liberal economist, put up the flag and established a new sovereign state called Liberland on the territory of former Yugoslavia. On the 7 square kilometers of Terra Nullius claimed by none of its neighbouring countries (Serbia, Croatia) the liberal values shall take reign.

The presidential project of the fiscal ordinance was supposed to improve this complex situation. The uncertainties in regulations were supposed to be interpreted in favour of the taxpayers. In other words, the responsibility for legal errors (bungles) would lie on the national state and not on physical persons.