Taxes Being Cut, But Not Medical Funding

TAX CHANGES Social tax, charged on employers’ payroll funds, will drop from 34 percent of payroll to 20 percent for small businesses and 30 percent for all others, making a 460 billion ruble ($16.5 billion) dent in federal revenues, Putin reiterated Thursday. There’s a plan to charge employers a social tax on salaries higher than 512,000 rubles a year, which are now exempt. The rate is to be determined but will […]