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Author: ShelbyBoy Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14985  
Subject: Small business tax cuts coming! Date: 5/20/2002 4:55 PM
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Great news. Tax cuts have been proposed to assist small businesses.

Of course you'll have to move to Russia. :)


http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020520/ap_on_bi_ge/russia_taxes_1


Excerpts:

Russian Economic Development and Trade Minister Gherman Gref said after the Kremlin meeting that the tax on sales would be cut from 8 percent to 6 percent, the Interfax news agency reported. Gref said that plans are also underway to reduce the net profit tax rate from 20 percent to 15 percent, according to the ITAR-Tass news agency.

...Two years ago, Putin ushered in a revolutionary flat, 13 percent income tax in a bid to reduce the tax-dodging that had severely depleted state coffers.

"We must ... create such conditions that will allow business to develop well and us to fulfill our obligations to the people," Putin said, according to ITAR-Tass.


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