Source Pravda.Ru

In 2002, Tax Burden In Russia Will Be Slashed By 1.5-2 Percent Of Gdp

Alexei Kudrin, Russia's vice-premier finance minister, predicts a reduction in the tax burden in Russia by about 1.5-2 percent of GDP next year, and by up to 2 percent of GDP this year. When addressing the 15th session of the consultative council on foreign investments, Kudrin noted that this reduction would be achieved as a result of legislative measures taken by the government in this sphere. Speaking of these measures, Kudrin singled out adoption of two chapters of the Tax Code, introduction of amendments to the law on mineral resources, and legal formalisation of maximum amounts of oil export duties which depend on world oil prices. In Kudrin's opinion, a reduction in profit tax rates is the most important measure in this sphere. Beginning 2002, profit taxes will be reduced from 35 down to 24 percent. Meanwhile, regional authorities will have the right to reduce this tax to 20 percent.

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA
Comments
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Putin in Egypt: Who's the big player in the Middle East?
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Russia leaves Syria, but USA stays, to spend some more
Turkey's Erdogan urges others to recognise Jerusalem as capital of Palestine
US military men depressed over of Russia's new T-5000 sniper rifle
Donbass without militia will be worse than Srebrenica - Putin
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin makes first comment on Trump's Jerusalem decision
North Korea declares victory over USA
Tel Aviv, Jerusalem, capitals and puppets
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine