World Economy
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Cutting Taxes

Cutting TaxesCutting Taxes

 In an interview with the Vesti on Saturday television program, Prime Minister Dmitry Medvedev said some taxes may be lowered, though he did not name which. “Yes,” he said in reply to a question whether any taxes may be lowered, Itar Tass reported. “My position is due to the moratorium declared in the state of the nation address, regarding changes to the present tax legislation, we shall have a legal ban for changing for the worse; which means it would not be possible to raise taxes, it would be possible only to lower them. In fact, this is the base of the economic model we are suggesting now,” the prime minister said.

Financialtribune.com