Russian Senator Complains Of Corporate Tax Demands
Senator Roman Maslov from the Vologda region complained during a Federation Council meeting on April 29. These regions may need to implement unpopular measures, including radical spending cuts, the cancellation of ineffective tax incentives, and reductions in the public sector. The source noted that while Putin forgave some debts last year, 200-300 billion rubles in debt remain. The cuts are expected to impact small-scale state-owned enterprises. This follows reports from Rosstat that corporate profits collapsed in the first quarter of this year. Regions may be forced to implement radical spending cuts and cancel tax incentives to address deficits. Reductions in the state apparatus and civil service are expected as Rosstat reported a collapse in corporate profits during the first quarter. The largest deficits are appearing in the Donbas and strong regional areas.
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Sources · 7 independent
“Рані на том же засідання Совет Федерации 29 апреля синатор від Вологодської області Роман Маслов пожалувався, що крупній компанії добиваються вазврату оплачених налогів.”
“Основными причинами — падение поступления от налога на прибыль, особенно из-за снижения доходов металлоргических компаний. Северстали претензии возвращают обратно властям, обвиняют региональные власти в неправильном распределении средств.”
“the budget of the Vologda region is worsening with a serious deficit. The main reasons are the fall in profit tax revenues, especially due to the decline in income from metallurgical companies.”
“Vologda Senator Complains Of Corporate Tax Demands... The Vologda regional budget is facing a serious deficit. The main reasons are the fall in income tax revenues, especially with the decrease in income from metallurgical companies.”
“найбільші дефіцити ми бачимо, що ввозник в регіонах Донра, в крепких регіонах, в связі з более низькими показателем поступлення налога на прибыль.”
“Для этого регионам придется пойти на непопулярные меры, радикально сократить расходы, отменить малоэффективные налоговые льготы или попытаться сократить госсектор.”
“the largest deficits we see arose in the Donbas regions, in strong regions, in connection with lower indicators of profit tax revenue.”
“найбільші діфіцити ми бачимо, що ввозник в регіонах... в связі з более низькими показателем поступлення налога на прибыль.”
“Earlier at the same meeting of the Federation Council on April 29, Senator Roman Maslov from the Vologda region complained that large companies are seeking the return of taxes paid.”
“29 апреля сенатор від Вологодської області Роман Маслов пожаловувався, компанії добивається возврат.”
“And now, instead of tax payments, the budget is recovering funds from these companies, which significantly worsens the financial condition of the regions.”
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