Not exactly a title to get the blood racing. Notwithstanding if German Gref, Minister for Economic Development and Trade, has his way it could help end the dislocation between Russian business and Russian R&D.
The economic genius otherwise referred to as Prime Minister Fradkov wants to see VAT (better known as NDS) reduced from 18% to 14%. Gref, one of the liberals in the government, has instead suggested that VAT remain at 18% but with certain exemptions. Not least of which would be tax exemption on all R&D.
These are small steps, but vital ones, in building a sustainable future for Russian R&D.
Apologies for a brief moment of aspiration, but the sun is shining and the end of winter is in the air.
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03 March 2005
Russian R&D; Fiscal Stimulus
Not exactly a title to get the blood racing. Notwithstanding if German Gref, Minister for Economic Development and Trade, has his way it could help end the dislocation between Russian business and Russian R&D.
The economic genius otherwise referred to as Prime Minister Fradkov wants to see VAT (better known as NDS) reduced from 18% to 14%. Gref, one of the liberals in the government, has instead suggested that VAT remain at 18% but with certain exemptions. Not least of which would be tax exemption on all R&D.
These are small steps, but vital ones, in building a sustainable future for Russian R&D.
Apologies for a brief moment of aspiration, but the sun is shining and the end of winter is in the air.
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Post Comments (Atom)
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