Rich Russians will be forced to fork out

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Photo: RIA Novosti

The Ministry of Finance will raise taxes on luxury property. This was stated by Vice Prime Minister, Minister of Finance of Russia Anton Siluanov in interview to the program “Pozner” on “the First channel”, reports TASS.

According to him, the difference in income creates tension in the society, so the gradual increase of taxes on luxurious property is necessary. “We often say, let’s raise taxes on the rich, and eventually we’ll do is raise taxes on luxury property, cars, yachts, apartments, and so forth,” he said.

At the same time, Siluanov said that the Agency has no plans to abandon the current flat 13-percent scale in favor of a progressive scale of taxation. He noted that to introduce a new system of taxation was inappropriate, since wealthy citizens can find a way not to pay additional tax. “There are both pros and cons: we know that the rich people are clever and will find ways to circumvent this decision, people including can generally withdraw money from our country,” he said, adding that the flat 13-percent scale is already “quite settled”.

In August it became known that Russian President Vladimir Putin reacted negatively to the prospect of the introduction of a progressive income tax for additional funding for pensions. He stressed that a 20 percent tax rate on high incomes can provide about 75-120 billion rubles a year. However, the daily requirement for payment of pensions amounts to 20 billion rubles. In January Earlier, the Finance Ministry also claimed that it is not considering raising rates of tax on personal income.

Video, photo All from Russia.

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