Russia’s elite to possibly face higher income tax

  • 5 months ago
Russia’s elite to possibly face higher income tax

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00:00 Meanwhile, Russia announced plans to raise taxes on business and high earners.
00:04 The Finance Ministry plan would introduce a new progressive income tax in which the
00:09 tax rate for corporate profits would be increased 25% from 20% starting in 2025.
00:16 About 2 million people or 3.2% of Russia's working population would be affected by the
00:22 proposal.
00:22 [MUSIC PLAYING]

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