“The Russian Federation faced with a problem of choosing the mechanism of the state budget replenishment. Some options are just not available at the current economic situation. However, if several legislative tax reforms take place the situation can be improved.
For example, it’ll be reasonable to simplify the mechanisms to obtain benefits for innovative projects, to give incentives for investment at the financial market: to give incentives to private investors with long-term investment and abolish value added tax on all financial services and transactions with precious metals at the stock exchange, to introduce a mandatory assessment of all the bills and regulations at the terms of the potential tax burden on business.
The above mentioned ways to reduce the tax burden will attract investment flows into the country that will be a source of the state budget replenishment”.
On the basis: www.rg.ru
Andrianova Irina ( the leading lawyer of legal support and banking consulting department of Honest&Bright)
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