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Minister suggests considering differentiated income tax

February 18, 2014, 16:00 UTC+3 MOSCOW
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MOSCOW, February 18. /ITAR-TASS/. Deputy Economic Development Minister Andrei Klepach has called for considering differentiated income tax, even though he believes this measure cannot be implemented in the foreseeable future.

"It's my personal opinion; if we talk about income tax, we'll have to return to its differentiation. I don't think it will yield much additional revenue though, and it is unlikely to happen in the foreseeable future," Klepach said at a meeting of the presidium of the Russian Academy of Sciences in Moscow on Tuesday.

He noted that certain moves were being made towards differentiating taxes on wealthier citizens. As an example, he cited the plans to introduce the property tax calculated on the basis of cadastre value.

"The idea is to make wealthier persons pay more," Klepach said.

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