Source Pravda.Ru

Russian Economic Development Ministry Proposes Tax Reductions

The Russian Ministry for Economic Development has proposed lowering taxes in Russia by six percent of GDP over the next three years. According to Rosbalt's correspondent, this was announced on Tuesday at the 'Developing the financial market and companies in the North-West Federal District' conference by Russian Deputy Minister for Economic Development Arkady Dvorkovich.

'Taxes in Russia are currently unacceptably high, so we are proposing to reduce them,' stressed the minister. Specifically, according to the ministry's evaluation, VAT needs to be reduced to 15% and the single social tax to 30%. Property taxes for companies should not be raised, and 'a simplified taxation system' needs to be introduced for small business. 'There is no need to change taxation levels for the general public, although well-off citizens, who make up about 5% of the population, need to be taxed according to the market value of their property,' believes Dvorkovich. In his opinion, such a level of taxation will bring Russia into line with Europe, and Russia's tax reforms could then be considered complete.

The 'Developing the financial market and companies in the North-West Federal District' conference took place in St. Petersburg yesterday. The event was organised by the Federation Council, the State Duma, the President's representative office in the North-West, the Association of North-West Banks, and the National Grants Association. The conference was the first of a series of events devoted to the development of the financial market which will take place throughout 2003 in all the federal districts.

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
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Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus