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:

Huawei Starts Cooperation With Sberbank
Banks May Reduce the Number Of Branches Twofold Within a Decade
Roust Corporation Files a Petition For Bankruptcy
Rates On Mortgage Loans Were Reduced
Bart Schlatmann Will Become Sberbanks Chief Transformation Officer

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Hermitage Garden  Tanara River  Orthodox Church  the Urals region  Surrealism  Hermitage  Russian real estate developers  Painting  Russian society  New Order  Archeology  Zenit  Anton Chekhov  Human Rights Watch  Russian Museum  Mercedes-Benz Fashion Week Russia  Biysk  Leonid Sokov  Kronotskoye Lake  Magnitsky Act  Night of Arts Festival  Megafon  Roman Abramovich  Russian business  criminality  Fabio Capello  US sanctions  Art Centers  New Wave Contest  Interethnic Journalism  Yakutia  Krasnodar Territory  Russian tourism  Russian Literature  Stanislavsky Electrotheatre  Boris Grebenshchikov  Russian history  Yaroslavl Architecture  All-Russia Exhibition Centre  Andrei Stolyarov  Korsakov   Alexander Ovechkin  Chelyabinsk  Boris Nemtsov  Exhibitions in Moscow  Russian Cinema  Flowers Ban  Moscow Kremlin   Kurganinsk  Moscow 

Travel Blogs
Top Traveling Sites