Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Shuvalov Firm on Tax Policy

First Deputy Prime Minister Igor Shuvalov said Wednesday that the government would not raise taxes for business before 2018, provided that events of a “global” scale do not alter the situation.

In an interview published in Kommersant on Wednesday, Shuvalov said that the government finalized its midterm tax strategy last year. “Up to 2018, taxes should not be touched from the point to increase them, if there are no global reasons to do that,” Shuvalov said.

He said that no laws would be made to worsen the tax situation for investors and that a task force would be created to consider ideas regarding the tax climate.

One idea under consideration “in an extreme situation” would involve allowing regions to introduce their own VAT in addition to the federal one, he said. “But this is a decision for the next political cycle, after 2018,” Shuvalov said.

Shuvalov, considered an economic liberal, also said the privatization of state-owned companies would be “fair.”

“Privatization happens only if there is an investor and the money that our consultant considers fair. In this case, everything on the list is yours,” he said.

He added that Rosneft, currently 9.5 percent owned by BP, would  “continue to be” privatized through the sale of the state’s shares and exchanges of assets.

“The goal is that as part of the privatization process Rosneft should be an absolutely transparent and competitive company,” Shuvalov said.

Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more