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RF considers tax benefits for E Siberia projects started from zero level

September 09, 2012, 10:32 UTC+3

However, the president fears big tax benefits may be misused

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VLADIVOSTOK, September 9 (Itar-Tass) - The Russian government considers implementation of tax benefits for projects in Eastern Siberia, which are started from the zero level, Russia’s President Vladimir Putin told a news conference on Sunday following the APEC summit.

“I discussed it with Elvira Nabiullina yesterday – I mean tax benefits for the projects, started from the zero level, the so-called Greenfield,” he said.

“We shall be considering it now, and I shall ask the government to present their suggestions,” Putin added. “At the same time, there certain other suggestions, but I believe it is too early to be speaking about them in public. It would be possible to speak about them when everything is verified and agreed.”

However, the president fears big tax benefits may be misused.

“There is a big temptation of organising here, in the big space, free economic zones,” he explained. “But minding the talent of our people, there are fears the entire economy here will be re-registered.”

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