Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
ST. PETERSBURG, June 19. /TASS/. Russian President Vladimir Putin said taxation rates will be locked in for 4 years in the country.
"We’ve made a critical decision to lock in taxation rates for the nearest 4 years and not to increase fiscal burden on business so that companies could plan their work for mid-term," Putin said at St. Petersburg International Economic Forum on Friday.
The president also said the authorities "will be sticking to this principle regardless of external conditions and the burden on budget." Russia’s reserve funds allow pursuing this policy, he added.
"At the same time we create additional impetus for new developing companies," President said, adding that during his work at the Forum "a new proposal arose to provide the same subsidies for new investment as well, not just on greenfield /projects/. "We’ll definitely view this proposal and I think we may well implement it," he said.
"Capital and assets that return to Russia from abroad will be exempted from paying taxes. Their owners will be provided with guarantees on protection of any type of prosecution. Simultaneously we will be taking steps to raise transparency of Russian companies and their subsidiaries abroad," Putin said.
He added that small business that has not violated regulations will be freed from inspections for 3 years starting from 2016.