According to recent reports, Ukraine's Cabinet of Ministers is planning to remove Estonia, Georgia, Hungary, Latvia, and Malta from the list of tax havens (low-tax jurisdictions) approved the end of 2017 ({News-2018-01-08/A/6-previous coverage}). Transactions with residents of listed jurisdictions are impacted in two main ways: 1) the transactions are deemed controlled whether related or not; and 2) the deduction of expenses in relation to the transactions may be limited to 70%, unless it can…