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Tihipko: Non-payment of taxes to be equated to money laundering in Ukraine

Tihipko: Non-payment of taxes to be equated to money laundering in Ukraine
Ukrainian Deputy Prime Minister and Minister of Social Policy Serhiy Tihipko says he believes that the non-payment of taxes in Ukraine, as in other countries, will eventually be included in a group of crimes related to money laundering.

"I think that this is a problem of the whole world, and all begin to look closely at this, because budgetary problems that exist in all countries are encouraging this. I think that we will finally take such a decision," Tihipko told a briefing during a Cabinet of Ministers meeting, while commenting on the Financial Action Task Force's (FATF) decision to add tax evasion as "a predicate offense for money laundering," UKRINFORM reported.

He also noted that such a decision should be taken only after respective discussions with businesses.

As reported, the FATF earlier revised International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation after more than two years of efforts by member countries. The FATF Recommendations are used by more than 180 governments to combat these crimes.