I don't know of any economy in the world that needs more help and more support from the productive factors than Ukraine does today, given the trials and tribulations going on.

Now, taxes have consequences. You know, when you look at taxes, taxes can change the volume of income. Taxes can change the composition of income. Taxes can change the timing of income. And most of all, taxes can change the location of income.

And then there's the unique feature of Ukraine, which is corruption. Tax rates can change the volume of corruption and the incentives to corrupt in the country.

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taxestax reformArthur Laffer