"The tax reform will help use in the economy next year more than 20 billion UAH of additional investment resources for renovation and modernization of our economy.  We are planning that in 2012 this amount will increase to approximately 100 billion UAH, because businesses must feel interest in modernization," he said. On top Azarov said that this interest will appear after adoption of the Tax Code, which stipulates that companies will not pay profit tax, if these funds are not invested in modernization of production. The Prime Minister also noted that after injection of these funds into the economy, the number of new jobs will significantly increase.

NRCU