Published 06/02/2024 4:27:18 a.m.

Russia weighs up its biggest tax shake-up in almost 25 years as Putin scrambles to finance Ukraine war

Summary by Sky News UK

As the war in Ukraine continues to drain the Kremlin's coffers, the government is scrambling to find new ways to finance it. Now, after nearly a quarter of a century with most Russians paying just 13% in taxes, Putin is eyeing the biggest tax shake-up in a quarter of a century

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The Telegraph

Putin set to increase taxes to pay for war in Ukraine

Russian president will ditch flat-rate tax regime for a tiered system to raise £26 billion per year for his war machine

06/01/2024 2:30:00 p.m.·London, United Kingdom

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Sky News UK

Russia weighs up its biggest tax shake-up in almost 25 years as Putin scrambles to finance Ukraine war

06/02/2024 3:15:00 a.m.·United Kingdom

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Revista Oeste

Russia will increase Income Tax to finance war in Ukraine

The measure aims to sustain growing military spending, which now consumes a third of the Russian budget The post Russia will increase Income Tax to finance war in Ukraine appeared first in Western Magazine.

05/30/2024 10:45:00 p.m.

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Heti Világgazdaság

Putin would finance the war by taxing the rich

In addition to high incomes, companies should also pay more taxes, according to the proposal of the Russian Ministry of Finance.

05/29/2024 9:45:00 a.m.·Hungary

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24 HU

Putin would finance the war by taxing the rich

Russia would introduce a progressive income tax from 2025 and raise the tax rate for income above 2.4 million rubles (HUF 9.6 million). The income tax in the country is currently up to 5 million rubles (20 million forints) 13 and above 15 percent. According to the proposal of the Ministry of Finance, the tax rate would increase to 15 percent from 2.4 million to 5 million rubles, from 5 to 20 million rubles to 18 percent, from 20 to 50 million ru…

05/29/2024 11:11:16 a.m.·Budapest, Hungary

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Kyiv Post

Russia Plans Major Tax Hikes

In order to pay for the continuing war against Ukraine, the Russian government is forced to raise revenue with higher tax rates. But the tax increases tend to favor the wealthy.

06/01/2024 3:10:56 p.m.·Kyiv, Ukraine

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Coverage Details

Total News Sources0

Leaning Left1Leaning Right1Center1Last Updated06/02/2024 4:30:22 a.m.Bias Distribution

33% Left, 33% Center, 33% Right

Bias Distribution

33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right

34% Center

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Sources are mostly out of (0)

Russia weighs up its biggest tax shake-up in almost 25 years as Putin scrambles to finance Ukraine war

0 Articles

0 Articles

Putin set to increase taxes to pay for war in Ukraine

Putin set to increase taxes to pay for war in Ukraine

Russia weighs up its biggest tax shake-up in almost 25 years as Putin scrambles to finance Ukraine war

Russia weighs up its biggest tax shake-up in almost 25 years as Putin scrambles to finance Ukraine war

Russia will increase Income Tax to finance war in Ukraine

Russia will increase Income Tax to finance war in Ukraine

Putin would finance the war by taxing the rich

Putin would finance the war by taxing the rich

Putin would finance the war by taxing the rich

Putin would finance the war by taxing the rich

Russia Plans Major Tax Hikes

Russia Plans Major Tax Hikes

Coverage Details

Bias Distribution

Ownership

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