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Saturday, 30 November 2013

Russia to introduce luxury tax

By Lada Korotun, Whether or not “luxury tax” should be introduced is one of the most hotly debated topics in Russian society these days. Russian Prime Minister Vladimir Putin proposed to impose a tax on expensive properties, large estates, aircraft, expensive yachts and luxury cars. The relevant draft bill will be submitted to the Lower House of Russia’s parliament next year.The key problem facing the MPs is to determine precisely who should pay this tax. They have to decide who is rich and who is simply well off. Is there a possibility that the middle classes will fall victim to the new law? The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin believes first of all, one of the taxes that need to be introduced is a tax on the real estate a person owns.Tags: luxury , Commentary, Society, taxes, Russia, Читать далее, Source: Voice of Russia