CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Putin Identifies Small Business As Tax-Base For Local Government

Putin Identifies Small Business As Tax-Base For Local Government

by Tatiana Smolenskaya, Tax-News.com, Moscow

13 November 2003


Whilst addressing the Congress of Municipal Entities in Moscow on Tuesday, Russian President Vladimir Putin stated that small and mid-sized business must underpin local government.

“There are a lot of opportunities here,” said the President, adding that the new Tax and Budgetary Codes were designed to “create stimuli for municipalities to expand their own tax-bases.”

Mr Putin observed that small and medium-sized businesses, particularly in the services sector, represented “the very segments of the economy to become decisive for the development of the internal market and for the economic growth of the country”.

The President also stressed that only “skilled and responsible local power” could properly address citizens’ problems. "We should not forget that this power exists at the expense of the tax payers, and it should be controlled by the citizens," commented Mr Putin.

While the President makes emollient speeches, the Tax Ministry is pressing the government to give it a range of police powers that only the Interior Ministry currently enjoys.

Tax Minister Gennady Bukayev says he wants his ministry to be able to "inventory taxpayers' property, interrogate witnesses [and] seize documents and objects."

Bukayev said a bill that would grant the ministry the powers it is seeking has already been drafted; but it has already encountered staunch opposition from the Economic Development and Trade Ministry, which said: "it would give tax authorities -- indeed, local tax authorities -- unprecedented powers."

Geoffrey Cox, co-founder of the European Business Club, said it would be better if tax officials spent their time "working out how to encourage businesses to pay taxes by making them easier to understand."


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »