Голова податкового комітету ВР Данило Гетмацев
The chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy proposes to discuss the mandatory purchase of government bonds by households in the amount of 7% of taxable income.
Under martial law, Danylo Hetmantsev put forward on Telegram the idea of a forced placement of domestic government bonds among banks, legal entities and individuals. At the same time, he believes that it is necessary to maintain attractive rates on these financial obligations.
«The weighted average yield on hryvnia domestic government bonds issued in October was 15.6%. This outpaces the forecasted devaluation and inflation. For households, the investment attractiveness is even greater given the absence of personal income taxation on investment income and the military duty».
Mr. Hetmantsev refers to the experience of countries that have gone through major wars. According to the committee chairman, history shows that economic incentives alone are not enough in this case. He cites the example of Israel, where in the 1970s «a number of mandatory savings schemes» were introduced, including a long-term mandatory military loan:
The MP recognizes that such decisions require political, public and professional discussion. Such a system would operate exclusively in wartime, and the population’s investments would be used exclusively for military needs. Danylo Hetmantsev notes that in parallel, Israel also had an analog of the Ukrainian military tax.
«Similarly, I believe that on the part of state-owned banks, we should move to a certain format of mandatory purchase of military bonds based on individual plans to be developed by the Ministry of Finance and the NBU»
Danylo Hetmantsev emphasizes that in peacetime he would not have approved such ideas, but the war is ongoing and it is not known when it will end. He announced further work on finding additional domestic sources of funding, especially those «related to the de-shadowing of the economy and the fight against corruption». The committee chairman said that the revenue plan of the Tax Service was exceeded by UAH 67 billion for 10 months of this year.