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Russia should cut tax burden for businesses

Staff writer |
Russia should speed up its work for support and protection of business and cut the tax burden, but without hurting budget balance, Prime Minister Dmitry Medvedev said.

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“In his address, the president announced a complex of measures for protection and support business. Our common goal is to speed up its implementation, and our strategic task it to switch to a lower tax burden,” he said.

During development of its election program, the party may offer different tax measures for business, as the business’ freedom is the best answer to the current difficult times, but the budget’s balance should not be broken.

A mechanism for unified administration of customs and other fiscal payments may become a way to ease the life of law-abiding businesses, Medvedev said.

Tax vacations of two to three years for self-employed people may become another relevant measure.

“Let the self-employed notify the tax service of their work. And they will be free from taxes for two to three years since the notification’s submission. After the period, the person should decide himself which taxation system suits him. It may be a patent or a simplified taxation system.”

During the crisis, employers wish to optimize their expenses and cut payments to the state Pension Fund, but the government should fight the practice, and one of ways to do so is to explain citizens that in this case they will not receive good pensions after retirement, he added.

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