Thursday, 15 March 2018 10:05

Flight Capital Tax: What Is the Point and Why Is IMF Unhappy?

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Essentially, flight capital tax has to create favourable conditions for those, who re-invest the received income. This is generally the right course. Another thing is that is has negative consequences, because the tax creates certain financial tensions risks.

The main risk is that the state may temporarily reduce its budget revenues. In turn, this can create certain financial gaps in the budget. Because the IMF cares more about ongoing financial stability than the country's economic development, it reacts exactly like this – by criticism.

Scientific Consultant of the Razumkov Centre on Economic Issues Volodymyr SIDENKO

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Volodymyr Sidenko

Senior research fellow

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Education:

  • Taras Shevchenko National University, Kyiv, Faculty of International Relations and International Law, Department of International Economic Relations (1977).
  • Doctor of Science in Economics (2000), member of the National Academy of Sciences of Ukraine (2006), author of over 200 scientific articles, including the articles published abroad (the United Kingdom, the USA, Germany, Russia, Hungary, etc.).

Work experience:

  • Research Associate, the Head of the Institute for Social and Economic Problems of Foreign Countries, the Academy of Sciences of Ukraine (1980–1992), Institute of World Economy and International Relations of NAS of Ukraine (1992–2000), Institute of Economic Forecasting of NAS of Ukraine (1992–2005), Institute of Economics and Forecasting of NAS of Ukraine (2005–2012).
  • Advisor on foreign policy to the President of Ukraine (1994–1995).
  • Director of economic programmes of the Razumkov Centre (2001–2004).

Spheres of activity: research on strategy and mechanism of foreign trade, structural transformations of economy, external aspects of economic growth, global economic regulation, international economic integration, international competitiveness, foreign investment, economic relations between Ukraine and the EU and regional groupings in the CIS.

Telephone: 201-11-98
E-mail: sidenko@razumkov.org.ua

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