Russia’s finance ministry has called for an additional 10% social tax for high earners from 2012 and also wants to introduce a unified property tax in 2013. The new taxes would enable the country to finance its infrastructure, military and social spending needs and still run a balanced budget.
Natalia Orlova, chief economist at Alfa Bank in Moscow, says that although the proposed tax on rich Russians will be relatively easy to introduce, the mooted property levy might be trickier to implement.
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