Career
He is an advocate of a radical reform of Ukraine"s tax system. Specifically, he is pushing for the introduction of only two taxes: 5% sales tax and 10% payroll tax During Euromaidan events, Balashov sided with the protesters and was actively campaigning for his ideas, calling for the introduction of 5.10 system.
At the beginning of March, as the crisis in Crimea was deepening, he travelled to Simferopol, but was kidnapped by allegedly local self-defense forces.
Upon his release and return to Kiev, Balashov said that he was kidnapped, robbed and was being beaten for eight hours by local bandits.