Tax Stories Podcast – Episode 26/Part II –Illya Sverglov (Ukraine)

First, here are the details for the donations. Illya confirmed that these donations will safely go to the most pressing needs currently in Ukraine.

• Come Back Alive Foundation (can de donated in cryptocurrencies as well)
• Support the Armed Forces of Ukraine via National Bank of Ukraine
• Particular project – fit-out of the already built multi-apartment house to accommodate refugees.

Second, I thought it’s important to catch up the situation within the war zone, so we all better understand what’s going on there, and clear some questions hanging in the air, like:

• what are the most pressing needs now in Ukraine;
• now donations in crypto might be totalling EUR ~100m – is this a good way of donating;
• how might Russians and Ukrainians live in the same world after the war ends;
• might the war expand to Europe;
• are there good Russians still to have business with – where to draw the line;
• is drinking a Latvian company-produced Solichnaya vodka a Russian business;
• should we deny help to people and companies running away from the Putin regime;
• how does the law firm and businesses in general function nowadays in Ukraine;
• about the economics in general – what can be preserved and restored, and what is irreversibly damaged;
• about the single tax regime of 2% of turnover (the only tax payable now by any businesses), if the turnover does not exceed a bit above EUR 300m, and is there a chance of having something like this permanently (I’ve always been hoping for such simplified tax system permanently, so I can finally go and do something more meaningful).