Source Pravda.Ru

Russian Premier Confirms His Support for Tax Reform

The tax reform will help boost Russia's economic growth by 0.5-1% of GDP, said Russian Prime Minister Mikhail Kasyanov.

When addressing Wednesday's Cabinet meeting, which discussed a draft tax reform, the Premier said the reform-envisaged measures would allow to relieve the economy's tax burden by 1.8 to 2% of GDP within the next two years.

This is crucial for speeding up the country's economic development pace, noted Mr Kasyanov. A lower tax burden would allow the processing industry to accumulate investments and ensure a brisker development pace, said the premier.

The tax reform is a serious politico-economic decision, according to him. "Such decisions are difficult to take and require thorough calculations and a weighed-out approach," he said.

Comments
The end of the theory of a Nobel Prize in chemistry?
US sanctions to kill Russian banks and sovereign debt?
Russia starts Star Wars first. USA concerned and puzzled
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
USA and Turkey: The elephant kicks the barking pug aside
Venezuela: Once again, interference from the USA in Latin America
Venezuelan President Maduro: USA fatally obsessed with Russia
Russian government prepares to get rid of US dollar in economy
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Turkey desperately tries to rescue its national currency as it falls to all-time lows
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia starts Star Wars first. USA concerned and puzzled