Source Pravda.Ru

Sales tax abolition will cost regional budgets USD 720 million

The cancellation of sales tax from January 1, 2004, will bring a loss of USD 720 million to the regional budgets. As a Rosbalt correspondent reports, this was announced by Russian Finance Minister Alexei Kudrin today in the State Duma. He said that 36% of sales tax is taken in Moscow, 10% in the Moscow Region and 8% in Saint Petersburg. The Russian government is planning to set up a special fund with USD 350-500 million to support the regions, which suffer most as a result of tax reforms, Mr Kudrin said. As a result of this, the regions will be able to re-establish their current incomes within the next year or two, said the minister.

Russia's Ministry for Foreign Affairs is seriously concerned about the state of health of former Russian intelligence officer Sergei Skripal and his daughter Yulia. Sergei Skrypal's niece, Victoria Skripal, said that her uncle had already died.

UK wants Sergei Skripal dead

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
Comments
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
The Hypocrisy of the Chinese World Dog Show
Smartphones and social networks not allowed in the Russian Army
The Hypocrisy of the Chinese World Dog Show
It was US and UK that sank Russia's Kursk submarine
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Jehova's Witnesses hunted down in Russia
Jehova's Witnesses hunted down in Russia
Jehova's Witnesses hunted down in Russia
Smartphones and social networks not allowed in the Russian Army
What Prime Minister Theresa May needs to understand
What Prime Minister Theresa May needs to understand
What Prime Minister Theresa May needs to understand
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Idlib Province Syria: Infested with US-Supported Terrorists