At the beginning of the new business season, and on the eve of the 6th Parliamentary session of the IX convocation, the business community calls for a transparent legislative and regulatory process with keeping a well-reasoned balance of interests and prudently considering costs and benefits. Any significant changes to the legislation that impact investors must be brought up for public discussion with all parties involved and adequate deadlines for submitting proposals and commentaries must be provided.
Ensure predictability of the regulatory environment for investors and guarantee a fair, equal, predictable, and transparent tax policy are among the highest strategic priorities of the American Chamber of Commerce in Ukraine, as stated in 10 Steps for Ukraine’s Economic Recovery and Growth 2021.
Respecting rule of law is one of the most crucial factors in making investments and doing business profitably that is helping economies and businesses to flourish. Fair, predictable, smart, and efficient policymaking significantly contributes to sustainable economic growth. Such policy within the country ensures:
- the high-quality bilateral dialogue between the business and the Government
- the transparency and publicity of the decision-making process
- the ease of doing business for bona fide businesses that contribute greatly to the State Budget and create jobs
Thus, business and investors, united by the American Chamber of Commerce in Ukraine, call upon the Prime Minister of Ukraine Denys Shmyhal, the Cabinet of Ministers of Ukraine, Chairperson of the Verkhovna Rada of Ukraine Dmytro Razumkov, Heads of Deputy Fractions – Davyd Arakhamiia, Artur Gerasymov, Iryna Herashchenko, Yuliia Tymoshenko, Yaroslav Zhelezniak, and Parliamentary Committees’ Heads to ensure the fair, transparent, predictable, smart, and efficient regulatory policy and legislative process that will benefit Ukraine, its business community, and economy at large.