Medvedev urges to change tax system in the Russian Federation

Medvedev urges to change tax system in the Russian Federation

Russian Prime Minister Dmitry Medvedev said that it is necessary to re-write the tax system in Russia in such a way that it can raise the money in the budget and also stimulate the creation of promising competitive products and services outside the raw materials sector.

According to him, the tax system should reduce the administrative burden on the taxpayers and tax procedures and to become convenient for business. ‘’The convenient tax system is a key to the development of small and medium-sized enterprises", the head of government said.

‘’The next five years the party will focus on increasing of the share of small and medium-sized companies in the structure of the Russian economy’’, RIA Novosti quotes the prime-minister as saying.

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