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To: odds

That’s the thing. Russian model is not collecting taxes from free enterprises. They fund the government by straight up owning 70% of the economy.

Even with that they don’t have low taxes. They have 13% income tax, but also on top of that 30% social tax and other payroll taxes.

They are an inefficient petrostate with state controlled economy and no rule of law.


27 posted on 11/01/2016 3:12:04 AM PDT by Krosan
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To: Krosan

They do collect Company/enterprise tax. It’s between 20 to 25%. They have a Tax Code, not simply a government decree.

The biggest Corporate (Company/Enterprise) tax collected is from oil and natural gas companies (45% or over) compared to say Construction or Telcos (around 14% and 17% respectively). These are state owned or the government has a large share in it.

In Australia, Transport/Railways, Postal Service, Energy/Electricity and Water are either partly or entirely owned by federal or state governments.

Employees in Russia do not pay Social Security and payroll tax. The employer (company) pays them.

http://www.worldwide-tax.com/russia/russia_tax.asp

Btw, China has the largest % of state-owned companies (96%), followed by United Arab Emirates (88%).


28 posted on 11/01/2016 7:22:47 PM PDT by odds
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