Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Controversial Tax Proposals by Moscow Mayor
30.10.2012 23:58
Controversial Tax Proposals by Moscow Mayor

The Moscow government has come out with an initiative to slap a new tax on small and medium businesses.


City Hall wants to get from SMEs operating in retail and services industries a fixed fee in advance. If the company posts profits over the year, the size of the tax will be deducted, if the business has only losses to report, the fee will not be returned.


Nikolay Ostryakov, from Business Russia association, says the move could further force entrepreneurs into the shadow economy.


According to the Federal Tax Service, the first quarter of 2012 saw 165,000 loss-making businesses in Russia.


Author: Mikhail Vesely

Tags: Russian business Moscow mayor Russian taxes   

Next Previous

You might also find interesting:

Cyber Security Risk Summit 2017
Nord Stream 2 AG Developed an Alternative Route For the Pipeline
Positive Credit Cycle For the Purpose Of Economic Growth Must Be Insured
The Harvest Of Wheat Reached a Record In Russia
Cheese Control

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Moscow  Burial Grounds  Archeology  Exhibitions in Regions  criminality  Russian education  Mercedes-Benz Fashion Week Russia  Russian Literature  Russian tourism  St. Petersburg  La Traviata  Macedonia  odd news  Exhibitions in Moscow  Crocus City Hall  Black Holes  Old New Rock Festival  Russian history  Khabarovsk  Amur Region  accommodation in Russia  Roman Abramovich  Russian business  Tomsk Special Economic Zone  Territoriya Festival  Russian investment companies  Russian Actresses  Russian spotswomen  Spacecrafts  natural disaster  Moscow Subway  Bashkiria  Climate Change  Symphonic Nights  Maslenitsa   train tickets Russia FIFA  Moscow monuments  expedition  Stage Directors  Zarya  Installations  Russian medicine  Primary Chronicle  Russian Cinema  Exhibitions in Saint Petersburg  Russian art  safety  Russian Ballerinas  Primorye  Russian opera 

Travel Blogs
Top Traveling Sites