The Ukrainian Parliament has approved a significant tax increase to fund its military efforts amid ongoing conflict with Russia. The personal income tax will rise to 5%, alongside doubled bank profit taxes at 50%. This measure is projected to generate an additional $2.8 billion in revenues next year, facilitating a $12 billion increase in military spending. While necessary for survival, the tax hikes are unpopular among citizens facing economic hardship. Concerns about potential corruption in revenue allocation further complicate public sentiment regarding the government's decision.