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 Urges State Council To Support Small Business

Putin Urges State Council To Support Small Business

by Tatiana Smolenska, Tax-News.com, Moscow

20 December 2001


Speaking today to Russia's State Council (in effect, the upper house of parliament), President Vladimir Putin said that taxes for small business ventures should be cut down and payment procedures should be simplified.

Putin said that many owners of small businesses did not have specialized training, without which they were unable to fully understand the complex system of accounting for tax: "The government could draft a simpler system of paying taxes," he said.

He also said the idea of tax exemptions was interesting, although such a system would not be easy to introduce. He said the government would continue examining the issue.

Putin also said he believed improvement of the economic environment for small business start-ups is a key target area for government action. In particular he was keen for business people to have access to inexpensive long-term loans, and for government to ensure easier access to market information.

The President stressed that, by developing small business, the government is building up the welfare of its citizens. He urged members of the State Council "to take a really responsible stance on it".


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 »