Tokayev Urges Higher Taxes on Wealthy, Calls on Banks to Boost Business Lending
5 Articles
5 Articles
Tokayev Urges Higher Taxes on Wealthy, Calls on Banks to Boost Business Lending
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan should consider raising taxes on wealthy individuals, revise parts of its new Tax Code to address business concerns, and encourage banks to provide more long-term loans to businesses, President Kassym-Jomart Tokayev said in his annual state-of-the-nation address on Oct. 28. Tokayev outlined priorities for macroeconomic policy, including fight…
The President of Kazakhstan, Kasim-Jomart Tokaev, instructed the Government and Parliament to study the introduction of a higher tax rate for holders of major states." I would like to address separately the question of the fairness of taxation.
The introduction of higher tax rates for citizens with large wealth will be discussed in Kazakhstan. The country's President Kassym-Jomart Tokayev has stressed the importance of wealthy individuals contributing more to the state budget. Banker.az reports that Tokayev spoke about this during his annual address to the people of Kazakhstan on October 28. The President said that it is not necessary to discuss the introduction of an increased tax rat…
In his address to the nation, Tokayev said that it was time to ensure fairness in taxation. He instructed the government to submit relevant proposals.
The President stressed that no one intended to restrict in any way legally acquired assets
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
