The Cabinet of Ministers proposes to introduce a tax on wealth since November 1.

According to an UNIAN correspondent, Prime Minister Yulia Tymoshenko claimed this to journalists at a press conference Wednesday.

The respective amendments into the law on immovable property were adopted at a government’s session today.

Yulia Tymoshenko stressed that the tax on “huge villas and large allotments” will allow to significantly replenish local budgets.