An expert explained to Dnipro residents the impact of tax hikes (VIDEO).

A well-known lawyer from Dnipro, Stanislav Liflyanchik, commented to "Vidomo" that tax increases will not lead to higher wages but will instead trigger inflation.

"The rise in taxes will result in increased prices for everything – from service costs to product prices. At the same time, it will not affect the income of entrepreneurs or lead to wage increases. There is a concept known as purchasing power. Simply put, a person who used to buy more of certain goods will now buy less. Consequently, they will save accordingly, and entrepreneurs will have to seek ways to survive. Therefore, it can be said that this will lead to inflation, the closure of less protected businesses, and microbusinesses. Meanwhile, large businesses will begin to regulate the market in their own way," he noted.