Ukrainian citizens and businesses paid over 1 trillion hryvnias ($24 billion) in tax in 2024, the Finance Ministry reported on Dec. 31. Corporate income tax amounted to Hr 270.8 billion ($6.5 billion), value added tax came to Hr 267.8 billion ($6.4 billion), personal income tax and military tax- a sum levied from citizens to support […]
The following is the Oct. 8, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Public reactions, particularly from the business community, to increasing taxes continue to mount as the bill makes its way through the Verkhovna Rada, […]
Video Summary The home mortgage deduction has been a topic of discussion in the personal finance community, with some advocating for its benefits, while others claim it is not as valuable as commonly believed. This article examines the reasoning behind the home mortgage deduction and why it may not be as beneficial as some think. […]
Video Summary The current tax system in the United States can be complex, especially when it comes to capital gains taxes. Jake explains that individuals with a high net worth can potentially avoid paying taxes on their investments by utilizing the long-term capital gains tax rate. This rate is applied to investments held for a […]
Video Summary Investing in the stock market can be a smart way to grow your wealth, but it’s essential to understand the tax implications of your investments. In this article, we’ll explore the different types of investments and how they are taxed. There are three main types of investments that incur taxes: interest, dividends, and […]