In Volyn, there are 55 millionaires. This was reported by the tax legislation explanation department of the regional state tax administration. At the same time, tax officials say that most of the millionaires did not pay taxes. \nThe reason is that the richest Ukrainians are conventionally divided into those who earned their million from business activity, and millionaires who are natural persons. Most individual millionaires in Volyn became rich from selling their corporate rights and securities. Such transactions, according to the old decree on income tax from citizens, were not taxed. So the millionaires will help fill the treasury only from January 1, 2005. \nTax officials note a noticeable increase in the number of wealthy Volyn residents who have officially declared their wealth. If last year 32 entrepreneurs had million-dollar incomes, this year there are already 39. At the same time, nine of them had income exceeding 5 million hryvnias. \nThe number of millionaires who are natural persons has also increased. According to the results of 2002, there were only two of them; in 2003, sixteen already earned a million. Five Volyn residents at the same time earned over 5 million hryvnias. \nThe geography of good earnings has not changed – almost 70 percent of millionaires are residents of Lutsk. \n
NO SWEET DEAL FOR THE BUDGET FROM MILLIONAIRES

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