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Russia not to impose extra tax on financial sector - Dvorkovich

October 10, 2011, 13:31 UTC+3
Russia will not impose an additional tax on the financial sector and financial operations, the Kremlin’s top economic advisor, Arkady Dvorkovich
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MOSCOW, October 10 (Itar-Tass) — Russia will not impose an additional tax on the financial sector and financial operations, the Kremlin’s top economic advisor, Arkady Dvorkovich, said on Monday.

“We consider it absolutely illogic to introduce any additional tax on the financial sector and financial operations in Russia,” he said adding that this position is linked with the country’s intention to create a global financial centre in Moscow.

“We will not oppose if France or Germany introduce such a tax, but we will not support collective decisions that would engage Russia,” Dvorkovich said. “We have other sources of revenue.”

Moreover, “we could collect much more (existing) taxes to the budget and earmark them to different program,” he said.

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