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Russia’s ex-finance minister considers tax hike unnecessary

Vedomosti business daily wrote with reference to sources, that the possibility of raising the rate of personal income tax from 13% to 15% was discussed at a meeting with Prime Minister Dmitry Medvedev

MOSCOW, March 30. /TASS/. Chief of the Center for Strategic Research (CSR) and ex-finance minister Aleksei Kudrin considers it unnecessary to raise taxes in Russia.

"I propose not to raise taxes. Today’s oil price is high enough - around $70 per barrel whereas only $40 per barrel is spent, meaning we continue stockpiling," he told the "60 Minutes" program on the Rossiya-1 TV channel on Thursday.

"Besides, it is possible to redistribute (expenditures - TASS) inside the budget, and invest more in education, healthcare and road (construction)," Kudrin said, adding that it is also possible to expand borrowings.

Last week Vedomosti business daily wrote with reference to sources, that the possibility of raising the rate of personal income tax from 13% to 15% was discussed at a meeting with Prime Minister Dmitry Medvedev.

After that Deputy Prime Minister Arkady Dvorkovich said that the government is against introduction of a progressive personal income tax rate, adding that one of the options under discussion is a slight hike of personal income tax simultaneously with the increase of tax exempt minimum, which means reduction of tax burden for people with low income.

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Ukrainian opposition demands parliament speaker's resignation over pro-Hitler remarks

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Ukrainian army strikes own surrendering soldiers — POW

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Kremlin vows to resolve situation with Turkish Airlines refusing service to Russians

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Global community changing tune about how Ukraine conflict started — security official

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The Russian leader expressed confidence that the the 12th International Meeting of High Representatives for Security Issues "will bolster cooperation for the mutual benefit of our countries and peoples"

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Good GDP growth results showed in first months of 2024 — Putin

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The rescuers are involved in efforts to clear the rubble of a five-story house on Kuibyshev Street

US nukes in Poland to become target for Russia should confrontation with NATO occur — MFA

"The impression is that Warsaw is maniacally seeking to attract even more attention from military planners in the Russian General Staff," Maria Zakharova added

Putin stays in daily contact with Sergey Shoigu, Kremlin spokesman says

Timur Ivanov was arrested by Moscow’s Basmanny Court

Swiss conference on Ukraine undermines European security — Russian diplomat

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Kiev violates diplomatic relations convention by recruiting mercenaries abroad — diplomat

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Positive trends in Russian economy become stronger — Putin

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US government prepares to sign $6-bln contract for arms deliveries to Ukraine — Politico

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Venezuelan foreign ministry, Russian embassy hold joint conference in Caracas

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Russian foreign minister to meet with Bolivian counterpart in Moscow

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Russian international reserves up $2.5 bln in one week exceeding $603.2 bln — Central Bank

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