What's a FOP, and why are the IMF and Ukraine fighting over it?

The IMF is asking Kyiv to impose a value-added tax, or VAT, on individuals earning above a certain threshold who work under a status known in Ukraine as a "self-employed entrepreneur," or FOP, for its Ukrainian acronym.

The fund argues that the levy is needed to help the country raise revenue for its war effort and formalize the economy by bringing businesses out of the shadows. But the demand has sparked widespread debate in Ukraine, with many people strongly opposed to the move.

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