Putin orders govt to mull cutting corporate property tax

MOSCOW, Apr 12 (PRIME) -- President Vladimir Putin ordered the government on Monday to consider cutting the corporate property tax if the income shortfall of regions is compensated with the profit tax contributions.

The deadline for the report was scheduled for May 1.

Putin also ordered to consider additional measures, including in taxation to stimulate business to invest in Russia from profit by June 1.

The president ordered the Federal Tax Service to prepare a report on investment activity of the largest Russian companies until September 15 and after that quarterly.

Putin ordered the government, the central bank and VEB.RF to develop a mechanism supporting exporters fulfilling priority projects until June 1.  

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