Ukraine's new finance minister, Natalie Jaresko, said that plans were underway to broaden the country's tax base by increasing taxes on the wealthy and eliminating certain loopholes to make sure businesses pay their share.
She outlined the plan in a conference call on Tuesday to update the media, politicos and experts on the situation in her country as war with rebels rages on.
On the call, Jaresko outlined three major challenges to Ukraine's stability: The ongoing war, the recession and the "results of post-revolutionary society."
The tax proposal already has vocal critics.
Robert Bensh, an American energy expert and managing director and partner with Pelicourt LLC, a private equity firm focused on energy and natural resources in Ukraine, said that Ukraine's new reforms are hindering any potential investment in that sector.