Russian MinFin ready to make Eurobond tax as comfortable as possible
MOSCOW. Feb 9 (Interfax) - The Russian Finance Ministry is ready to make the rules for taxing Eurobond payments as comfortable as possible, Finance Minister Anton Siluanov said at the Russian Union of Industrialists and Entrepreneurs (RUIE) Congress.
"The law actually gives the answer to that. But, given the situation that has arisen, we are prepared to meet the business community half way and make the tax regime for Eurobonds as comfortable as possible," he said.
There will be a meeting this week with entrepreneurs and consultants involved in the business. "We'll find an outcome that will satisfy all parties," Siluanov said.
Three goals must be targeted in the context of this work, the finance minister said.
Firstly, tax policy and tax changes "must not be taken as an instrument for covering budgetary imbalance, and tax changes have to be considered as an institutional matter, as a subject of creating a favorable business climate," Siluanov said.
Secondly, "any changes have to be discussed with business," he said.
And third, for public sector employees there is a rule that "any changes should not be aimed at worsening the financial conditions of workers in the budget sphere, budget organizations," he said. "So I suggest that any changes to tax law also should not be aimed at generally worsening the state of taxpayers," Siluanov said.
"Proceeding from these three postulates, it is also necessary to improve tax law," he said.