Source Pravda.Ru

Tax Ministry's official comments on tax arrears

The volume of tax arrears to the consolidated budget of the RussianFederation amounted to 245.1bn rubles ($7.78bn) as of July 1, 2002, whichwas 7.8 percent lower compared to the beginning of this year, SergeyKhursevich, head of the tax arrears department of the Russian Tax Ministry,declared at a press conference today. According to him, the amount of latepayment interests and penalties on these arrears was 229bn rubles ($7.27bn)on July 1, 2002. Khursevich pointed out that the volume of tax arrears tothe consolidated budget of the Russian Federation was 378bn rubles ($12bn)on July 1, 2001. The amount of late payment interests and penalties was413bn rubles ($13.11bn).The official stressed that an important role in the increase in revenues ofthe budget system played payments on restructured debts. According to him,the federal budget received 48.5bn rubles ($1.54bn) in payments onrestructured debts by July 1, 2002.Value-added taxes' share in the total volume of tax arrears is 44 percent.Profits taxes' share is 20 percent, taxes on the use of natural resources -4 percent, other federal taxes - 20 percent, regional taxes - 7 percent andlocal taxes - 4.5 percent. Industry's share in the total volume of taxarrears is about 50 percent, the construction industry's share is 11percent, trade - 8 percent, the housing and communal services - 4 percent,agriculture - 3.9 percent, communications - 0.3 percent..

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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