Ukraine Raises Military Taxes Amid Funding Crisis
Starting next month, people in Ukraine will have to pay more taxes. The government wants to get money for the military and other needs.
For most citizens, income tax will go up from 1.5% to 5%. This is a big change. Other smaller taxes will also increase.
The reason for this change is that Ukraine’s military needs a lot of money. They need around $12 billion more this year just to keep going. Each soldier costs the government almost $30,000 per year.
The government wants to raise these funds by increasing income tax and other minor taxes. This means they will get more money from people who work and earn salaries.
Some business owners are against this change. They say it’s too expensive for them during wartime. The government needs to find a way to balance their budget with the rising costs of keeping the military running.
Ukraine depends on foreign aid, but not enough partners are willing to fund their weapons production directly. This means they have to get most of their money from taxes.
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