Source Pravda.Ru

In Russia, Tax Burden Decreased from 34% to 31%, over Past Three Years

As Alexei Kudrin, Russia's Minister of Finance said today at a meeting of the Union of Industrialists and Entrepreneurs, in our country, tax burden can not decrease faster than by 1% of GDP annually. 'The government has obligations to fulfill, which can not be done, if taxes decrease any faster', he said. Yet the lowering of tax burden and the simplification of the tax system remain among the government's first priorities, Mr. Kudrin concluded. According to the Ministry of Finance, over the past three years, tax burden decreased from between 32% and 34% to 30.7%.

The minister said that most taxes, at this time, came from the spheres of labour and consumption. He emphasised the necessity of increasing the shares of resource and capital taxes. He drew the attention of his listeners to that sales tax would be eliminated and added value tax reduced by between 15% and 17%, beginning 2004.

Comments
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Terrorists attack police officers in Chechnya in a series of poorly prepared acts
Russia Must Die - The Deep State has Spoken
Oil prices may fall as USA saves record oil reserves
Putin sets Merkel against Trump. She doesn't mind
US-Russian confrontation: War is peace, freedom is slavery
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Israel makes final warning to Iran
The ayatollahs now fear the collapse of the Iranian economy
North Korean government warns people of severe famine
Israel makes final warning to Iran
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia
Russia's five-day war with Georgia: What lies beneath international lies
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Russia refuses to build helicopter carriers, but considers aircraft carriers
US-Russian confrontation: War is peace, freedom is slavery
US-Russian confrontation: War is peace, freedom is slavery