Russian far-right party proposes cancellation of flat tax regime ...News

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Russian far-right party proposes cancellation of flat tax regime
The measure would help reduce income disparity and flatten the inequality curve, the authors of a new bill have said A new bill has been introduced to the Russian State Duma that would see the nation’s flat tax regime replaced with a progressive one, Russian media outlets reported on Tuesday, citing the document. The measure would increase the federal budget income and reduce social inequality, a group of MPs from the nationalist Liberal Democratic Party of Russia (LDPR) have argued. Under the current income tax, people earning less than 5 million rubles ($50,413) per year should pay 13% of their income as a tax.

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