As the war in Ukraine drains the Kremlin's coffers, the government is scrambling to find new ways to finance it. After nearly three decades with most Russians paying just 13% in taxes, Vladimir Putin is eyeing a radical shake-up.
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    1•6 months ago

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    Signs of Russia’s so-called special military operation are everywhere in Moscow, from roadside recruitment adverts to Z-themed souvenirs.

    “It seems like the tax reform is a tool to move the economy from butter toward guns,” Alexander Kolyandr, a non-resident senior fellow at the Centre for European Policy Analysis, said.

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    The move simplified a previously complicated tax regime which few adhered to and it successfully boosted revenues - and his popularity - as a result.

    Now the finance ministry wants to lower the threshold for the 15% rate, so it applies to annual incomes from 2.4 (around £20,800) to five million roubles, and introduce more bands above.

    “I think they don’t have enough money for the special military operation, that’s why they’re introducing it,” Sergei told Sky News in Moscow.

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