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Putin proposes to extend tax privileges to domestic farmers

In his words, it is expedient to extend the zero tax regime bearing

TAMBOV, January 31 (Itar-Tass) —— Russian Prime Minister Vladimir Putin has proposed to extend tax privileges to domestic farmers.

“Maybe, we will extend this regime (zero income tax), I want the ministries of finance, of economic development, and of agriculture to look at it and work out an agreed approach,” he said at a meeting dedicated to problems of the Russian cattle-breeding sector.

In his words, it is expedient to extend the zero tax regime bearing in mind that growing imports after Russia’s accession of the World Trade Organization would exert more pressure on domestic farmers, who have not yet modernized their production.