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RF government should discuss what is more profitable – VAT tax or sales tax

December 04, 2012, 13:55 UTC+3
“The government leaves the same priority not to increase the taxes,” the prime minister said
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GORKI, December 4 (Itar-Tass) — Russian Prime Minister Dmitry Medvedev believes that the taxes should not be increased in Russia, but it should be discussed which tax is more profitable – the VAT tax or the sales tax.

“The government leaves the same priority not to increase the taxes,” the prime minister said at a meeting with the Russian Union of Industrialists and Entrepreneurship. Medvedev noted that he is planning to hold a meeting on taxes and “raise again the discussion on the question what tax is more profitable – the VAT tax or the sales tax.”

Medvedev recalled the debates over these two taxes “continued constantly in the government, and the Finance Ministry has always been an influential opponent of the VAT tax, the ministry has always had serious arguments, but it seems to me, it is already high time to discuss this issue once again.”

The prime minister intends to attend to the opinions of the businesspeople on this issue at a meeting on Tuesday. He also expects their responses on the macroeconomic situation in the world and how they assess the affordability of credits, the liquidity, monetary and currency policy of the country.

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