Ukraine Doubling Income Tax Rate? Watch Who May Have To Pay More As Kyiv Fears Losing Western Aid

Ukraine is set to double the income tax rate for banks from 18% to 36%. The new bill does not give commercial banks the right to set off losses from past periods. Although the law will be temporary, reports say that Kyiv will use the tax money to fund its military. Is Ukraine doubtful of U.S’ funding amid the Israel-Palestine war?