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Putin believes tax for luxury properties possible

April 25, 2013, 15:14 UTC+3
For instance, this tax might cover luxury cars and have a much stronger moral nature than the fiscal one
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MOSCOW, April 25 (Itar-Tass) – President Vladimir Putin said Thursday he believes that the introduction of a tax on luxury properties is possible.

For instance, this tax should cover luxury cars and have a much stronger moral nature than the fiscal one, Putin said while answering questions on a major nationwide question-time show.

“As for the tax on luxury properties, I’d like to reiterate we must get a tax of the kind,” he said.

Putin said that, more specifically, there is a proposal to increase the basic tax rate for the sold for over 5 million rubles twofold and for cars sold for over 10 million rubles, threefold, Putin said.

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