This is the view of Trevor Lessard, the Deputy Head of the International Monetary Fund (IMF) mission in Ukraine. He shared this in an interview with “Interfax-Ukraine”.
“Taxes on windfall profits are only applied for one year: you pay a political price for raising taxes, you face significant resistance… If you implement a tax on extraordinary profits more than once, people will start to react, and you will begin to lose trust in the policy,” Lessard stated.
According to Trevor Lessard, after the reintroduction of the 50% profit tax, banks may adjust their profit strategies in anticipation of a potential future increase.