Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Completing Small Business Tax Reform

by Alvin Rabushkavia russianeconomy.org
Wednesday, July 3, 2002

Among the bills approved on July 2, 2002 by the Duma, the lower house of the Russian Parliament, was a comprehensive reform of small business taxation. With exemptions from value-added tax, sales tax, property tax, and social insurance taxes, small businesses will receive a substantial reduction in their tax burdens.