Article Image
News Link • Russia

Russia to Remain a Land of the Flat Income Tax

•, by bne IntelliNews

Russia will not introduce a progressive income tax system, First Deputy Prime Minister and Finance Minister Anton Siluanov said on October 29, but admitted Russian inequality inequality is too high. 

"We are told: 'let's adopt a more progressive tax system for our citizens'. There are pros and cons to this. We know that rich people are clever, and they will find ways to circumvent this decision. They can just take the money out of the country. On the other hand, the flat rate of 13% has already been settled, and it would probably be wrong to change legislation in this regard," Siluanov said.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: