It is necessary to reduce the VAT from 20% to 16% in order to attract investors in Ukraine, expert of the MPP Consulting agency Pavlo Melnyk told a press conference "Economic growth: grounds for optimism," ForUm correspondent reports.

"In the first 2-3 months of such decrease, the VAT reduced its revenues in the budget, but this problem can be solved at the expense of Ukraine’s gold exchange fund and the rest of funds in bank accounts. But in the short term, this will increase the annual growth of the Ukrainian economy from 1% to 7%," he said.

According to the expert, it is necessary to reduce the corporate profit tax from 25% to 9% and the income tax from 15% to 11%.

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