Issue 4279. Last Updated: 11/20/2009

Putin's Pension Talk Scares Businesses

By Jessica Bachman
The social security taxes paid by businesses will rise by as much as 8 percent at the beginning of 2010 in an effort to strengthen the country's pension system, Prime Minister Vladimir Putin announced Wednesday. The measure, which generated a negative review from business groups, drew more positive reviews from market watchers.

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