Billionaire tycoon backs tax increases ...News

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Billionaire tycoon backs tax increases
source : Russia Today ( News ) () 29
Higher taxation of the better-off is fair and long overdue, Russian businessman Alisher Usmanov says Increasing taxes for Russians with high incomes would be a fair and long-overdue decision, Russian metals tycoon Alisher Usmanov has said, and other wealthy compatriots of his agree. On Tuesday, the Russian Ministry of Finance submitted to the government a package of amendments to the country’s tax system which includes new tax thresholds for those earning over 2.4 million roubles ($26,800) and a hike in corporation income tax. The changes are expected to add some 2.6 trillion rubles ($29 billion) a year to the cou

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