Tuesday, March 25, 2008

The plot thickens even more with the VAT reduction plan. As we reported before the Audit Chamber recommended the reduction in agreement with President-Elect Medvedev, yet Finance Minister Kudrin continues his opposition to the plan. He has long opposed this tax decrease and is stating it should not be enacted until at least 2010. Due to his disagreement with Medvedev, it is safe to assume he will probably not continue to be the Finance Minister in the next administration.

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