Fifty-eight injured and nine taken to hospital after Rostov-on-Don fireSociety & Culture August 22, 8:25
North Korean leader secretly visited border area — mediaWorld August 22, 8:13
US visa changes to affect mainly Russian independent travelers, says authorityBusiness & Economy August 21, 21:07
CAS upholds life ban for ex-president of Russian athleticsSport August 21, 20:03
Police confirms man shot dead in Subirats was Barcelona attack perpetratorWorld August 21, 19:50
Premiere for historical drama Matilda rescheduled for late OctoberSociety & Culture August 21, 19:45
Fire in Russia’s Rostov-on-Don fully containedWorld August 21, 19:37
Russia wins two golds on second day of 2017 Universiade in TaipeiSport August 21, 19:29
Washington’s new strategy in Afghanistan aimed against China, expert saysWorld August 21, 18:43
STRELNA, the Leningrad region, April 30 (Itar-Tass) - Russian politician and entrepreneur Mikhail Prokhorov has welcomed the idea of a luxury tax on excessive consumption but has called for brushing up the mechanisms of its introduction.
"I believe that excessive consumption should be taxed,” Prokhorov told journalists.
"I am going to fall under this tax as an individual but I consider it to be normal,” he added.
The problem, in his view, is that it’s very hard to administer the luxury tax.
He believes that a progressive income tax could be more effective.