Friday, September 19, 2008
After a day and a half of suspended trading markets are set to reopen with the government injecting funds into the system and promising immediate tax reform. Among the changes are a drastic decrease in the large national VAT tax. A significant decrease in the export tax on oil will be enacted with more reductions promised in order to spur decreasing production. It seems drastic times are causing drastic measures to be taken that should have long-term positive results, long after the turbulent happenings of today become a footnote.
Subscribe to:
Post Comments (Atom)
2 comments:
Ru gov spent more than $50 bln in 07-08 for united holdings. Watch an inflation rising from 15 to 25%.
Look for Anatoliy Chubais headed NanoTechnology in Russia. Under his "watch" inflation could be double as u predicted..
Post a Comment