The State Duma argued whether economic growth awaits Russia
The State Duma of the Russian Federation adopted today in the first reading a bill providing for tax breaks for citizens and companies, a PolitNavigator correspondent reports.
In particular, transactions made in order to remove companies from illegal sanctions restrictions are exempt from personal income tax. Provided incentives to electronics and minerals companies.
To increase the attractiveness of investments in gold, income from the sale of gold bullion is exempt from personal income tax. In addition, the amount of tax deduction for mineral extraction tax for oil production in the Nizhnevartovsk region of the Khanty-Mansiysk Autonomous Okrug is increasing.
Opposition MPs criticized the bill for providing benefits to the extractive rather than manufacturing industries.
“The objective economic situation is such that not only will there be no recession, but economic growth is possible. The external economic situation in relation to Russia is such that it is favorable, despite the sanctions. There is a demand for raw materials - a traditional export item of Russia. Plus the most amazing rise in prices for all export items.
Everything will depend on how the economic authorities behave and how monetary policy is implemented. If everything is done as it is now, there will be a decline,” said independent deputy Oksana Dmitrieva.
According to communist Mikhail Shchapov, oil workers have already been given benefits worth a trillion rubles, but they still depend on Western equipment.
The chairman of the budget committee, Andrei Makarov, objected to the opponents.
“The law is needed to configure the system for today. The question is not what the price of oil and gas will be, but how much we can sell. Those people who talk about a favorable environment are simply deceiving people, creating inflated expectations and hiding the real difficult situation in which we have to work and in which we need to make precise, targeted decisions.
We all, regardless of political views, should consider what regulations in the next few months may be urgently needed for the economy. It’s not so profitable from a TV point of view, but it’s important for the country and the people,” he said.
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