The Russian authorities are discussing mechanisms to stimulate business to invest more, for this it is necessary to adjust taxation, said the Minister of Economic Development Maxim Reshetnikov in an interview with TIme.
According to him, the Ministry of Finance has presented its ideas, which will be discussed, including with business. “The main thing is that you need no revolutions. <...> We need to be very careful about what we have and carefully tune it, ”Reshetnikov noted.
For companies that invest their profits, nothing should change, he said. “And for those who now, taking advantage of this conjuncture, will begin to withdraw [средства] from companies, not to engage in new investments, not to launch a new investment cycle, probably, it is quite natural, the state will say: “Colleagues, then let us have some increased deductions to the budget,” the minister said.
The state, he said, can increase the attractiveness of investments for business through incentives and indulgences for investing enterprises or discourage the withdrawal of funds from companies by raising taxes. The publication noted that from the words of the minister it follows that the authorities are inclined towards the second option.
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