Belousov: without investment, tax increases for business are inevitable

The tax burden on business will increase if, due to investments on its part, the growth of the Russian economy by 3-4% is not achieved, said First Deputy Prime Minister of the Russian Federation Andrei Belousov. In light of the agreements with business on tax conditions for metallurgists, he rhetorically asked if he was “on the national agenda”.

“Either we will get acceptable growth rates at the expense of investments – 3%, 4% – this is a calculating question, and then we will be able to solve social problems … without increasing the burden on business. Or we will find ourselves in low growth rates without investment. And then an increase in the tax burden on business, redistribution through the budget is inevitable, ”said Mr. Belousov.

The First Deputy Prime Minister paraphrased the title of the article “Who are you, masters of culture with?” Maxim Gorky. “I would like to ask: with whom are you, masters of metallurgy and chemistry? Are you on the national agenda? Or not? From my point of view, today for business to be on the national agenda is not only to co-finance social programs in the regions, to pay taxes – it goes without saying. It is primarily to invest, ”he said.

During a meeting of the government with representatives of the Russian Union of Industrialists and Entrepreneurs, it was announced that the issue of the retrospective tax on dividends was postponed until 2023. According to the president of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, the parties have also agreed on the rates of mineral extraction tax (MET) for liquid steel and iron ore – 2.7% and 4.8%, respectively.

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