the Government is considering raising tax revenues from wealthy individuals, according to media sources. In one of the scenarios is the introduction of a progressive scale of tax on income. For people with income of more than 2-3 million rubles a year personal income tax could rise to 15%. The government deny this information.
the Government is considering raising tax revenues from wealthy individuals, according to media sources. In one of the scenarios is the introduction of a progressive scale of tax on income. For people with income of more than 2-3 million rubles a year personal income tax could rise to 15%. The government deny this information.
the Effect provided by the pandemic of the coronavirus in the country’s economy, returned to the Russian government to discuss the likely increase in taxes for the wealthy class of Russians. About it reports Forbes, citing two sources familiar with the discussion of this issue. One of them is a Federal official, and the second member. Most notably, this step of the government can be populist — according to the interlocutor of the journal, to impose a tax for the rich, the government wants due to the high in society, “request for social justice.”
several sources Forbes, participated in these discussions, argue that the question of different options to tax different categories of citizens was discussed in the winter. The interlocutor of the edition said that the various moves were analyzed before the President’s address, which took place in January 2020.
“There are more than ten different options, a finished script is the administration of the President and the government, if necessary, it can be easy to get and apply”
— leads Forbes the words of the official.
as this problem it was proposed to raise personal income tax for the rich from 13% to 15%. The question of what amount of the earnings of a citizen to charge income tax on top of the bar, remained open. There were proposals to levy a maximum tax rate annual income of 2-3 million roubles, says the source. For the poorest segment of society whose income is at the subsistence level or a little more, it was proposed altogether to abolish personal income tax. At least such proposals are contained in scripts sent to the presidential administration, experts say Forbes.
However, the government information to discuss the introduction of a progressive tax on income of physical persons denied. Press-Secretary Prime Minister Russia Boris Belyakov said “RIA Novosti” that nothing like that was discussed. The party “United Russia”, on the contrary, supported this idea.
“We believe that no leaps and bounds, but nevertheless to return to��differentiation of income tax, it would be useful.. It needs to be upgraded. At the same time we would suggest to consider the reduction of income tax for the poorest segment of citizens”, — said the first Deputy Chairman of the faction “United Russia” in the state Duma Andrey Isaev.
the MP at the same time warned against the introduction of “transcendent values” of tax for wealthy citizens.
He was concerned that as a result of wealthy Russians are beginning to withhold tax from your income, and begin to withdraw them from the country.
Talking about taxes for the rich again appeared in information agenda on the back of strong growth the budget deficit. According to the Minister of economic development RF Maxim Reshetnikov, the budget deficit in 2020 may reach 5-6%, a similar forecast was given, the Central Bank and the Minister of Finance Anton Siluanov. The latter reported that the budget revenues at the end of this year will drop by 4 trillion rubles compared to the figure that was originally planned. At the same time, the expenditure budget will increase by approximately 1 trillion rubles.
the Interlocutors Forbes in the government claim that the tax for the rich is necessary not for the budget because of quarantine costs and to send the money on social programs to support poor people or pensioners.
essentially any documented solutions for this issue, sources say Forbes. It is also important that against this reform is the Ministry of Finance.
“If the tax increase is small, and additional revenues from the rate changes will be small, but the administration is complex,” explained a source in the Finance Ministry’s position.
last Fall, at that time the head of the Ministry Maxim Oreshkin said that the introduction of a progressive scale of taxation in Russia complicates a significant difference in the incomes of residents of the capital and regions. Oreshkin, expressing the position of the Ministry, noted that it is more efficient from the point of view of economic development, the taxation of luxury cars and elite real estate.
