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RF Finance Ministry Increases Car Engine Power Falling Under Luxury Tax

May 02, 2012, 16:34 UTC+3
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RF Finance Ministry Increases Car Engine Power Falling Under Luxury Tax


The Finance Ministry has published an opinion on the taxes on real estate and on overconsumption: the rate will be from 0.05 to 0.3 percent. The officials have removed from the new tax their expensive service cars, raising the engine capacity of the taxable luxury cars to 410 horsepower: so, only two percent of the car fleet will fall under the new tax.


China To Pay For Siberia, Far East Subsurface Resources


Chinese investors are ready to pay 15 billion US dollars for the development of Siberia and the Russian Far East. RF officials believe that there is no need to fear the Chinese expansion.

On Saturday, 27 agreements to a total worth of 15 billion US dollars were signed between Russian and Chinese companies at a Russia-China forum in Moscow. The largest projects are linked with Siberia and the Far East.

For the development of investments Russia and China by the end of June will establish a joint investment fund with the volume of up to 4 billion US dollars, RF First Deputy Prime Minister Igor Shuvalov said.

Director General of the Russian Private Investment Fund (RFPI) Kirill Dmitriyev believes that Russia should not fear Chinese investors, it should struggle for them. The world is affected by a sluggish crisis, there is little confidence on the market, and they (Chinese) have money. And the protection from the Chinese expansion is in the right state regulation, he is certain.


Putin Returning Soviet Traditions


Vladimir Putin and Dmitry Medvedev on May 1 headed the “true march of millions.” In the view of observers, it was done not very convincingly, but very “Soviet-style.”

The demonstrators were carrying posters with Putin’s portrait, his speech quotes and the slogan ‘Working People are for Putin and Medvedev.’ Similar actions with many thousands of participants were held throughout the country.

The organisers did not hide that the main goal of the action was to give a preventive response to the ‘March of Millions’ that the non-system opposition plans for May 6 – on the eve of Putin’s inauguration. “Today we can say that it is here where the real march of millions is taking place,” deputy head of the Presidium of United Russia’s General Council Andrei Isayev stated. He called on the opposition to recognise the election results.

Political analyst Dmitry Oreshkin has noted the Soviet style of the May Day event. It is a response of the authorities to the opposition meetings in Bolotnaya Square, however, this response is a publicity stunt. Everybody realises that people were gathered at the procession with the use of the administrative resource – and this does not add the real prestige to the authorities. It is a return to the Soviet system of throwing dust into the people’s eyes, the political analyst adds, “an epoch of self deception is coming,” but they will not be able to deceive the population, because there is the Internet where everybody laughs at what is happening.



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