One year after Russia abandoned flat income tax, top leftist opposition MP suggests DOUBLING country’s top rate from 15% to 35% ...News

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An influential Russian MP has suggested that the government should significantly increase the country’s highest level of income tax to 35%, in a move that would more than double the current top bracket, which sits at just 15%. Exactly one year ago, President Vladimir Putin announced that the country would finally abandon its long-standing flat tax policy, which was originally implemented to battle wide-spread tax evasion. Russia’s income tax rate had been set at a rate of 13% since 2001. The introduction of a separate tax bracket, which came into force on January 1 this year, was the first significant change to the personal tax rate in

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Last updated : 24 June 2021 clock 10:15 AM

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One year after Russia abandoned flat income tax, top leftist opposition MP suggests DOUBLING country’s top rate from 15% to 35% ...News

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