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Minister says “tax manoeuvre” should not raise taxes

On the contrary, it should facilitate macroeconomic stability and help create a fovourable environment for business

KRASNOYARSK, February 18 (Itar-Tass) —— Finance Minister Anton Siluanov said the so-called “tax manoeuvre” should be carried out without raising existing taxes.

“I believe such manoeuvre in the budget sector should be carried out without raising taxes,” Siluanov told the press after the IX Krasnoyarsk Economic Forum on Saturday, February 18.

According to the minister, the tax system should not become “a source for patching up the budget deficit” or as “a source of resources for additional needs”.

On the contrary, it should facilitate macroeconomic stability and help create a fovourable environment for business. “Taxes should not be regarded as a source for budget manoeuvres,” he said.

Speaking about the essence of the “tax manoeuvre”, Siluanov said it could be in improving the existing taxation system, in taking away extra incomes from the gas industry by leveling out prices on the domestic and external markets, and in shifting some taxes to the regional level.

The minister pointed out that the date for the so-called “tax manoeuvre” would be determined by the government. “The definitive date will be set by the government when drafting the budget for 2013-2025, in March and April of this year,” he said.

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