Econ minister offers no tax raise for invest projects for 5–6 yrs

SOCHI, Feb 15 (PRIME) -- Russian Economic Development Minister Maxim Oreshkin suggested on Thursday the government guarantee no rise of taxes for investment projects for five–six years.

“I think that the question must be raised and we must think about the absence of deterioration for the key corporate taxes by the government for the period of an investment project activity, or five–six years. To take this as a basis. The main thing is for people to be confident about their future,” Oreshkin said.

He said that the current unpredictability of the Russian taxation system scares investors off.

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