Euro-2012 host-cities will get tax remissions
Deputies of Verkhovna Rada have found sources to finance organization of the Championship, as Delo newspaper reports.
A bill previewing provision of tax remissions for Kharkov, Donetsk, Lvov and Kiev which are preparing to host the Championship had been registered in Verkhovna Rada, Delo informs.
The bill authors are BYuT (Block of Yulia Timoshenko) deputies Alexander Feldman, Oleg Geiman and Regions Party deputy Victor Korzh. They suggest that all the profit fund raised from land taxes and administrative fines should remain in host-cities’ budgets.
In accordance with the Budgetary Code currently in force, only Kiev and Sevastopol
can have 100% of tax proceeds from land tax and individual income. At present local budgets get half the amount of road fines.
In addition, the deputies suggest transferring to local budgets 50% from private property enterprises profit tax.