Russia tells its regions to raise taxes on residents and businesses to plug a record budget hole
Source ↗
👁 0
💬 0
(function(w,q){w[q]=w[q]||[];w[q].push(["_mgc.load"])})(window,"_mgq");
Russia's Federal Tax Service has pushed regional governments to consider higher taxes on residents and businesses as local budgets sink to record deficits, The Moscow Times reported. The move follows President Vladimir Putin's drive to shrink regional shortfalls, and it shows the financial strain Russia's war against Ukraine is placing on its provinces. Independent analysts expect the squeeze to deepen as th
Russia's Federal Tax Service has pushed regional governments to consider higher taxes on residents and businesses as local budgets sink to record deficits, The Moscow Times reported. The move follows President Vladimir Putin's drive to shrink regional shortfalls, and it shows the financial strain Russia's war against Ukraine is placing on its provinces. Independent analysts expect the squeeze to deepen as th
Comments (0)