Siluanov offered to raise poor regions at the expense of Moscow

25 May 2018, 16:14 | Economy
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The Ministry of Finance of the Russian Federation came up with where to find funds for the implementation of the May presidential decrees for subsidized regions. The Office is considering the possibility of tax reform, which will result in a redistribution of income tax between regions. In particular, Moscow can withdraw money, which in the form of taxes pay oil and gas giants and other large corporations, and send them to the needy, Finance Minister Anton Siluanov said on Friday, May 25, during SPIEF-2018. "This would probably be fair," the minister approved the modern interpretation of the ideas of Robin Hood, indicating that the decision has not yet been made.

The Minister also said that the loss of regions due to lower excise taxes on oil products will be compensated from the federal budget. The department also has other ideas on how to stimulate the economy through tax reform:.

"A number of structural reforms and budget maneuvers are envisaged for us in the near future. This will allow us to increase the amount of investments both from the budget and from the fact that each ruble of the budget will generate additional funds from private investors, "Siluanov explained..




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