Espreso. Global
OPINION

Ukraine I dream of

11 February, 2023 Saturday
17:11

Of course, all these transformations will not happen in one day, but the long journey begins with the first step

I dream of living in New Ukraine after the war.

A kind of "Ukraine 2.0".

A country where we, Ukrainians, live together, developing our common home - Ukraine!

Where security is a model for others.

The borders and the sky are under control, and our military-industrial complex not only provides the world with the most advanced defense systems, but is an entire ecosystem!

An ecosystem of innovations that combines science, innovation, education, dual-use technologies, modern types of weapons and startups that strive to become unicorns!

Ukraine 2.0 is a new example of statehood built according to the corporate model.

Where every Ukrainian (citizen) directly owns 1/40 millionth of the country's assets (if there are 40 million of us).

Through our Diia program, we see how our common wealth is changing and how it is being effectively managed.

Through Diia, we elect our representatives, the deputies, monitor their fulfillment of pre-election promises and the tasks we set, and deprive them of their mandate.

Our representatives, the deputies, hire the country's management, headed by the prime minister, who himself forms a team.

This team is traditionally formed to implement the long-term Ukrainian strategy and works as a single organism, making Ukrainians more and more prosperous!

According to various estimates, our joint assets today range from $3 to $5 trillion in value.

Or $75-$120 thousand per citizen. But what we had before?

In the future, these assets will be managed not by officials, no, but by professional managers.

Just like in classic investment funds:

- one team is in charge of forestry;

- the second – water resources;

- the third – mineral resources

- the fourth – state assets (critical infrastructure and national security enterprises);

- the fifth – transportation infrastructure;

- the sixth – energy infrastructure.

Just imagine the results of such management? When the task is not to put money in your pocket, but to multiply it for the sake of people!

Assuming a modest yield of at least 1.5% per annum, such a fund can accumulate up to $45-$75 billion in cash flow and asset value growth annually.

This is more than the annual budget of Ukraine.

The state apparatus has been completely transformed and performs exclusively socially important functions:

- security of citizens (in Ukraine and elsewhere)

- regulation

- support and development of entrepreneurship;

- promotion of Ukrainian interests in foreign markets;

- development of basic infrastructure (transport, energy, digital);

- arbitration;

- protection of the needy.

We have forgotten about the millions of state employees who are parasites on our taxes (budget).

The public sector is staffed by professionals with above-market salaries.

But there are many times fewer civil servants.

The entire public service is digitalized and personal contact with an official is excluded.

So are any opportunities for corruption.

Licenses and permits are issued within a few hours online.

Tax reports are also submitted automatically and online, automatically checked, and don't cause any problems.

And the tax system itself is designed so that paying taxes is more profitable than hiding and not paying them.

Everything is automated and takes a minimum of time. Ukraine is ranked 1st in Europe in terms of ease and speed of tax payment.

If we start from the fact that a citizen is the main beneficiary of the state and public services, then he is also the main payer.

As an employee.

As a business owner.

Or as a consumer.

And the Ukrainian tax system is recognized as the most progressive in the world. You already know about it: 10-10-10.

1. 10% – tax on withdrawn capital instead of profit. If you reinvest your profits, you don't pay taxes.

2. 10% – income tax. Either salary, or profit of a private entrepreneur, or dividends (as in the paragraph above).

3. 10% – retail sales tax instead of VAT. No VAT means no schemes, no twists, no diversion of money from business and no corruption. There is only a retail tax. When you buy a product, the tax is automatically collected and transmitted to the treasury.

A simple, clear, non-corrupt system that has made Ukraine a magnet for global capital.

Simple taxes, minimal regulation, zero corruption, an educated nation with a territory in the center of Europe - it's a paradise for industrial investors.)

But that's not all.

Ukraine, ruined by the war, needs hundreds of billions of investments. And we are getting them.

Investors have a guarantee of security not only because of the strong Ukrainian army and military-industrial complex, but also because of the state's care, which manifested itself in the form of

- state insurance of military risks;

- British law, which started working in Ukraine for all investors in the special economic zone Kyiv City;

- an efficient and favorable tax system;

- a capital market that shows the highest growth in Europe.

The creation of the Kyiv City special economic zone helped a lot here. It has special conditions for investors:

- British law (including in disputes with the state);

- international exchanges;

- special regulation.

Kyiv City is located in Kyiv in the old industrial area of Vydubychi, and represents the typical business district of a successful country.

Skyscrapers, parks, many offices of financial institutions and the opportunity to attract capital even for small companies.

The pension reform played an important role in launching the capital market; assets accumulated by Ukrainian private pension funds were looking for investment instruments and found them in Kyiv City.

The former pension system has been abolished.

Citizens have personal accumulative pension accounts that guarantee them a comfortable retirement.

For those who, for whatever reason, were unable to accumulate a private pension, the state provides social guarantees as part of the social contract of citizens.

The source of social guarantees is the profit of the National Welfare Fund.

At the same time, social guarantees take up an insignificant part of the fund's expenditure structure.

The fund's assets are growing steadily and are invested for the benefit of Ukrainian society.

- Modern transport and digital infrastructure is being created.

- Promising scientific and innovative projects are financed.

- Construction of new energy-efficient Ukrainian cities is financed.

- Part of the state order related to national security and the expansion of the Ukrainian economy into foreign markets is financed.

In addition to investments, the government plans to increase the share of government spending financed by the Fund, thereby further reducing taxes for Ukrainians.

It is quite possible to completely abandon taxes if our joint assets work effectively.

A kind of huge investment fund owned by all Ukrainians!

My dream is that Ukraine will become a mecca for entrepreneurs and big international capital.

Our government managers have created dozens of international joint projects with the strongest countries in the world.

Today, Ukraine is not a victim of war, but a reliable, responsible partner that helps:

⁃ as a center of global food security;

⁃ as a center of European security and a manufacturer of the most advanced weapons, drones, robots, aircraft and spacecraft;

⁃ as a European energy hub;

⁃ as a regional logistics and manufacturing hub;

⁃ as a cybersecurity center of the region;

⁃ as a center of Hi-Tech innovations;

- as a center of critical materials and technologies.

A country with the values of freedom, a great climate, no seismic risks, an effective security system, beautiful nature and a clean environment should simply become a mecca for creative people from all over the world! (why should we let others in?).

Of course, all these transformations will not happen in one day, but the long road begins with the first step.

And we can start making it together, dreaming of a post-war Ukraine.

Source.

About the author. Anatoliy Amelin, co-founder and director of economic programs at the Ukrainian Institute for the Future

The editorial board does not always share the opinions expressed by the authors of the blogs.




 
Read also:
  • News
2023, Friday
1 December
22:00
Review
Victorious news of 646th day of war: Ukraine to produce air defense systems, intelligence conducts another sabotage in Buryatia
21:40
Ukrainian forces repel 50 Russian attacks in four sectors - General Staff
21:20
OPINION
Victory components: strength of army, unity of support, commitment of allies
21:00
Exclusive
Ukrainian servicemen details Russian army's tactics in Avdiivka
20:39
Russia damages, destroys 863 cultural heritage sites in Ukraine during full-scale war
20:20
Exclusive
What investments in human capital will Ukraine need in long term?
20:00
Exclusive
Captain reveals Ukrainian army's main task on Dnipro's left bank in Kherson region
19:39
Ukrainian drivers blocked at Polish border talk to consul: what was agreed on?
19:18
Satellite image of the Crimea bridge dated November 28 (source: MT Anderson)
Storm ruins barriers against marine drones near Crimea bridge
19:00
Review
With blood on their hands: Unmasking enemy informants and understanding their motives
18:40
Ukraine receives field hospitals, medical evacuation vehicles from Netherlands
18:20
Russia fails to secure seat on International Maritime Organization (IMO) board
18:00
Animals die in zoo in Kherson region due to Russian criminal inaction
17:39
146 more Ukrainians want to evacuate from Gaza Strip - ambassador
17:20
OPINION
December 1, 1991 referendum gives Ukrainian independence absolute legitimacy
17:01
Presidents of Lithuania, Latvia, Poland boycott joint photo at COP28 summit over Lukashenko
16:39
Switzerland freezes Russian financial assets worth about USD 8.81 billion
16:18
Russian night attacks on Kherson region result in death and injuries
15:58
Exclusive
Putin tries to restore status quo of his army - chairman of Reservists' Councilon intensification of Russian attacks
15:36
Part of Crimean bridge's defenses destroyed by powerful storm - OSINT analyst
15:16
British intelligence names key weapon to counter Russian aggression in Black Sea
15:01
President Zelenskyy fears conflict in Israel could "overshadow" war in Ukraine
14:42
OPINION
How to handle Russian financial assets frozen in the West?
14:23
Ukraine’s Security Service blows up 2nd freight train in Buryatia in 2 days
14:04
December 1 All-Ukrainian referendum and Ukraine's independence
13:51
Exclusive
Russian forces will intensify along all front lines for some time to come - miliatry expert Zgurets
13:33
Ukraine's Ministry of Defense announces plans to manufacture air defense systems with over 100 km range
13:14
Orban believes negotiations on Ukraine's accession to EU should not begin
12:55
Russian sociologists say 78.5% of Russians trust Putin, 75.2% approve of his actions
12:36
Exclusive
War is so intense that government won't fully meet all front's needs - commander of Achilles brigade
12:17
President Zelenskyy says war with Russia is entering new phase
12:01
Russian largest oil, gas companies profits fall by 41% in 2023
11:46
Kremlin worries setbacks in Ukraine's war will affect election results in Russia - ISW
11:31
"Ukraine mobilizes students" and other Russian fakes exposed on November 30
11:13
Ukrainian air defense destroys 18 drones and Kh-59 missile at night
10:54
ISW: Russian army advances in Avdiivka sector, Ukraine's forces in Kherson region try to advance south of Krynky
10:37
Russia loses 1,280 soldiers in one day, 330,000 overall since beginning of large-scale war - General Staff
10:13
Delivery of long-range missiles to Ukraine postponed to next year
09:55
Exclusive
Russians destroy over 1,000 multi-storey buildings in Mariupol, now report providing 80 mortgages - city council deputy
09:34
Occupying Russian army shells Kupyansk district, Kharkiv region: residential buildings, infrastructure damaged
More news