Russia's Finance Minister opposes income tax hike

Russia's Finance Minister opposes income tax hike

Russia's Finance Minister Anton Siluanov will not support raising the income tax rate to 15% from 13%, the minister said it on the sidelines of the Gaidar Forum, which is held in Moscow.

"I'm against it," RIA Novosti cited him as saying.

Earlier, Vedomosti, citing federal officials, wrote that the Presidential administration and several ministries were discussing the possibility of introducing a progressive scale for personal income tax or raising rates to 15% introducing benefits for the poor.

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