As part of efforts to combat the slowing of Russia’s economy, the government announced plans to cut the business profits tax substantially, to settle around 20%. Although this will add to the reduction in government funds, it is a good step for combating the recession now and a way to limit the severity of the effects. This is the way most countries should act, when the economy is suffering, targeted tax cuts to spur economic activity and lessen both the severity and duration of the recession.