Paying the advanced tax in Slovakia is a bureaucratic burden, since an entrepreneur has to take care of the regular payments. But there is a bigger problem. An entrepreneur has to pay the advanced tax from her/his current income – but the payment size is set according to her/his last year’s tax.
The year 2017 brought wins and failures. The Ukrainian Government was able to approve important reforms, which was still not sufficient to receive scheduled assistance from the IMF and the EU. 2018 will be tough as Ukraine should make large progress in many areas, while the 2019 elections are approaching.
On December 7, 2017, the Ukrainian Parliament had the day of Budget-2018. During one day, the Verkhovna Rada amended the Budget Code and Tax Code, as well as adopted the State Budget Law for 2018. The decisions were taken in a very non-transparent way with changes approved from the voice.
In 2014, the Strategic Advisory Group under the support of the Soros’s Foundation prepared the Strategy of Healthcare Reform for 2015-2020. After long debates, the laws launching the healthcare reform were approved in 2017 with first changes starting in 2018.
In his first parliamentary speech, PM Mateusz Morawiecki repeated many theses of the government. Some of them are wrong and contradict the experiences of other countries. Others, while right, stand in clear contradiction with the actual actions of the Polish government.
Ukraine needs at the very least 5% annual GDP growth to catch up with neighboring countries in economic development. One option would be improved investment climate for higher FDI and domestic-sourced capital investment. Other options are limited given lack of fiscal space and aging capital assets.
Since its accession to power, the national conservative government, appointed by the PiS party (Law and Justice), is systematically altering the state in order to secure its power on a permanent basis. The opposition is having a hard time. The fact that the electoral law should now be adapted to the party’s needs is not really surprising.
Lowering the retirement age is contrary to the plan of Mateusz Morawiecki, Minister of Economy, which rightly linked in one of the documents the decline in working-age population with a slowdown in economic growth. It will put a drag on catching up with the Western Europe’s living standards.
We need to have in mind that democracy is not a given; it is susceptible and fragile. Many societies of the European countries (and the US too) confirm the thesis that democracy is in crisis and the elite are desperately looking for the cure. How to stop populism and the threat of authoritarianism in Europe (and elsewhere)?
The Ministry of Finance proposed to reform customs in Ukraine with the aim of better transparency and predictability. The model of the reform and changes in custom procedures is currently debated between the Ministry of Finance and the representatives of the Parliament and civil society. The reform will hopefully be implemented by the end of 2017.