Categories: Videos

Russia to raise taxes as its wartime economy slows (Video)

The Kremlin needs money to keep its finances steady - and its clear where President Vladimir Putin intends to get it: at the cash register, from ordinary people and small businesses. An increase in value-added tax to 22% from 20% is expected to add as much as 1 trillion rubles, or about $12.3 billion, to the state budget.

Subscribe: http://smarturl.it/AssociatedPress
Read more: https://apnews.com

This video may be available for archive licensing via https://newsroom.ap.org/home

Facebook Comments

About SocialNewsXYZ

An Indo-American News website. It covers Gossips, Politics, Movies, Technolgy, and Sports News and Photo Galleries and Live Coverage of Events via Youtube. The website is established in 2015 and is owned by AGK FIRE INC.

Summary
Title
Russia to raise taxes as its wartime economy slows (Video)
Description

The Kremlin needs money to keep its finances steady - and its clear where President Vladimir Putin intends to get it: at the cash register, from ordinary people and small businesses. An increase in value-added tax to 22% from 20% is expected to add as much as 1 trillion rubles, or about $12.3 billion, to the state budget. Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com This video may be available for archive licensing via https://newsroom.ap.org/home

Share

This website uses cookies.

%%footer%%