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Medvedev suggests cutting real estate tax
RBC, 31.07.2008, Gagarin 17:20:22.The possibility of a reduction in the real estate tax needs to be considered, Russian President Dmitry Medvedev said during today's meeting on the development of small and medium businesses that was held in Gagarin, a town in the Smolensk region. The participants of the meeting noted that the current maximum real estate tax rate was 2.2 percent and that the introduction of minimum or intermediate tax rates was advisable, and Medvedev supported these suggestions. The Russian leader also noted that industrial premises must be rented to small and medium businesses for a minimum of five years and that entrepreneurs should have the right to purchase the premises. Medvedev stressed that production could only be developed through strategic planning and that the proposed measure could help in this respect.
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