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<!-- TMT code START --><table width="400" cellpadding="0" cellspacing="0" style="font:10px Arial, Tahoma, Verdana, Helvetica, sans-serif;color:#000000;border:1px solid #cccccc;"><tr><td valign="top" align="center" style="padding-top: 10px;"><a href="http://www.themoscowtimes.com/"><img src="http://www.themoscowtimes.com/bitrix/templates/tmt/img/logo_s.gif" alt="The Moscow Times" border="0"></a></td></tr><tr><td><div style="border-top: 1px solid #cccccc; margin: 10px; padding-top: 10px"><h1 style="margin:0;font:140% Georgia, serif;color:#0066b3;line-height:17px;"><a href="http://www.themoscowtimes.com/news/article/putins-pension-talk-scares-businesses/371368.html" style="color:#0066B3; text-decoration: none;">Putin's Pension Talk Scares Businesses</a></h1><p style="margin:5px 0;font-size:90%;font-weight:bold;color:#999;font-size: 10px"></p><p style="font:11px Arial, Tahoma, Verdana, Helvetica, sans-serif;color:#000000;"><!-- Advise: You can change preview below -->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.<!-- Advise: You can change preview above --></p></div></td></tr></table><!-- TMT code END -->

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Putin's Pension Talk Scares Businesses

02 October 2008

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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