Cabinet to reduce single social fee

The government officials in charge of economy work out the mechanism to reduce the tax burden on business and level the Pension Fund deficit, incomes and fees minister Oleksandr Klimenko said, speaking in Parliament during the Hour of questions to the government, ForUm correspondent reports.

"We calculate the possibility of reducing the tax, single social fee to the wage and salaries fund. Today, businesses need reduce in tax burden, but we must realize that our actions should not lead to any deficit in the Pension Fund," the minister said.

He noted that the Cabinet has worked out enough number of bills, in particular regarding the improvement of taxation of individuals – the bill on obligatory income declaration.