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Medvedev to hold meeting on extra fed budget revenue

March 12, 2013, 1:27 UTC+3
In February, Belousov said that Russia is developing amendments to the law on currency control in order to limit the use of tax avoidance schemes
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МOSCOW, March 12 (Itar-Tass) – The set of measures aimed at ensuring the formation of the revenue part of the RF budget will be discussed on Tuesday at a meeting chaired by Russian Prime Minister Dmitry Medvedev.

The RF government’s press service reported that to attend the meeting in Gorky are invited RF First Deputy Prime Minister Igor Shuvalov, Deputy Prime Ministers Arkady Dvorkovich, Dmitry Kozak, Dmitry Rogozin, Economic Development Minister Andrei Belousov, Finance Minister Anton Siluanov, as well as the heads of relevant departments.

In February, Economic Development Minister Andrei Belousov said that Russia is developing amendments to the law on currency control in order to limit the use of tax avoidance schemes. “Today we are preparing the decisions that will be aimed at better tax collection,” said the minister, because the problem is very acute - from more than 4 million registered businesses, more than half of companies have “fly-by-night” signs. First Deputy Prime Minister Igor Shuvalov had earlier reported that the Russian budget loses up to 1 trillion roubles as a result of the activities of such firms. The problem, he said, has acquired such a scale that it cannot be tolerated any longer. “And in the coming two to three months the corresponding amendments will be introduced to the law,” he said. Shuvalov explained that these will be pin-point measures that will not worsen the tax administration and will not affect conscientious businesses.

 

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