Putin to free 42 million Russians from tax debt


December 14, 2017 – FRN – 

- Advertisement -

Vesti – translated by Inessa Sinchougova 

Russians need to be freed from overdue tax arrears, the Russian president said during the annual Q&A press conference.

“And it needs to be done in the most unbureaucratic way: without a person turning to tax inspectorates,” the head of state said.

The debts concern 42 million people and their volume is 41 billion rubles, the president calculated, adding that people should be freed from these payments.

According to Putin, such an amnesty should be extended to individual entrepreneurs.

“This is 15 billion rubles and concerns 2.9 million people. Lets say a person started a business, and something did not work out, but taxes were imposed on him and charged.” It is necessary to free people from payments of this kind, ” Vladimir Putin explained.

Thus, the president proposes to forgive a total of 56 billion rubles of tax debt!

In addition, the Russian leader called for the construction of a system of levying taxes so that people are not afraid to apply to the tax authorities, even if they missed the deadline for payment.

Another problem is the accrual of income tax on conditional income of citizens, the president noted.

“According to the current legislation, this is considered a conditional income and taxes are imposed on it – it’s about 3 million more people, and billions in arrears,” he explained.

According to the head of state, such an unfair tax burden prevents the economy from developing.

Inessa Sinchougova is an Editor and Journalist at Fort Russ News, as well as a research fellow and translator of the Belgrade based think-tank, the Center for Syncretic Studies. She was educated at Victoria University of Wellington (New Zealand), in the field of Political Science and was previously employed in Marketing and Communications Strategy for a Multi-National Corporation. She runs a popular YouTube channel for translations of key Russian Foreign Policy figures and appears regularly on other alternative media channels. If you like her work, you can support her Patreon here.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.