21 June 2013, 16:05

No plans to raise tax burden on business regardless of budget difficulties - Putin

ПМЭФ 2013 петербургский международный экономический форум Путин

Russia has no plans to increase the tax burden on business, regardless of budget constraints, President Vladimir Putin said at a plenary session of the St. Petersburg International Economic Forum on Friday.

"In forming our tax policy, we must proceed from the assumption that even harsh budgetary limits for the state are no cause to raise the tax burden on business," Putin said.

Russia's tax policy must foster development, stimulate investment and the modernization of existing production capacity and construction of new capacity and create well-paid jobs.

Voice of Russia

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