Support The Moscow Times!

Putin Cautious on Excises

President Vladimir Putin supports the idea of replacing the transportation tax with fuel excises in the future, Interfax reported.

"The issue is very important and very sensitive, and on the whole we need to strive toward putting it all into excises. And to gradually get away from the transport tax," Putin said at a meeting with parliamentary faction leaders. "We are still not ready,"

"Indeed, we said we would do this," Putin added. "But at the urging of regional governors, we left it because this tax goes to their budgets. They were worried that we would cut off their revenues."

Putin also expressed caution concerning a planned increase in alcohol excise taxes.

"An increase [in excise taxes] is necessary, but it shouldn't be sudden," he said, adding that he doesn't see alcohol excise tax revenues as a solution to filling budget deficits.

 (MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.