Russian Foreign Ministry: OPCW not rushing to investigate chemical incident in SyriaRussian Politics & Diplomacy May 25, 21:28
Russia’s legendary barque Kruzenshtern calls at Belgian portSociety & Culture May 25, 20:26
OPEC and non-OPEC countries to develop cooperation outside Vienna agreementBusiness & Economy May 25, 19:44
Russia squared-off with Western media blitz to smear World Cup preparationsSport May 25, 19:35
NATO seeks to continue and expand dialogue with RussiaWorld May 25, 19:01
WADA offers pole vaulter Isinbayeva post of ambassador for clean sports in Russia — sourceSport May 25, 18:57
Lavrov keeps close eye on situation with jailed Russian pilot in USRussian Politics & Diplomacy May 25, 18:51
Belkomur rail project brings new opportunities to Russia’s Arctic regionsBusiness & Economy May 25, 18:46
Russia to build first helicopter carrier by 2022Military & Defense May 25, 17:41
MOSCOW, March 1. /TASS/. Russia’s Finance Ministry will suggest increasing wines and spirits excises by the projected inflation rate at the least, Assistant Finance Minister Svetlana Nikitina told TASS on Tuesday. Proposal of the Economic Development Ministry to lower excises on alcoholic drinks in strained budget conditions appears strange, Nikitina added.
The Economic Development Ministry will suggest lowering wines and spirits excises starting 2017 because of considerable shadow market growth, Deputy Minister Oleg Fomichev said earlier.
"Proposal of the Economic Development Ministry appears strange at the very least. Higher gasoline taxes along with concurrent vodka tax cut means redistribution of revenues in favor of alcoholic drinks consumers. It is not fully clear how it correlates to budget and social policy goals," Nikitina said.
Considering fairly high inflation in the last two years, lack of indexation of alcoholic drinks’ excise rates means their decline in real value, she added.
"Clearly lobbyists of the alcoholic drinks industry continuously suggest cutting tax rates but the Finance Ministry strongly disagrees with that. Furthermore, we will suggest raising them by the projected inflation rate at the least when formulating the tax policy for the next scheduled period," the official said.