Sunday, May 15, 2016

WSJ: Russian authorities plan to raise taxes after the election in 2018 – BBC

Russian authorities are actively discussing plans to change the tax after the presidential election in 2018, writes The Wall Street Journal citing a number of Russian officials.

According to them, the government is considering raising the income tax and the tax increase VAT. Officials attributed the change of the tax system with the government’s desire “to plug holes in the budget” in a drop in oil prices.

«There is a discussion about how to make sure that taxes did not seem excessive and not very strong blow to the population “- said one of the sources of publication

According to the edition, the increase in taxes will be sensitive enough, as real incomes fell by 9.5% in 2015, while the number of people living below the poverty line is increasing. rapidly. Also, according to forecasts this figure will rise in 2016.

In March, Russian Prime Minister Dmitry Medvedev has promised not to raise taxes until 2018.

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