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To: RayChuang88

Russia has a 12 percent flat tax. Those evil Russians! Putin is such a tyrant!


30 posted on 11/18/2019 10:05:48 AM PST by rintintin
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To: rintintin
Russia has a 12 percent flat tax.

That's a misleading statement. Russia may have a flat income tax rate, but they have enormous payroll taxes that drive workers and employers to engage in tax-avoidance schemes that date back to the Soviet era. To avoid paying these payroll taxes, employers will compensate their workers by paying non-payroll forms of compensation such as buying cars for them, paying for apartments, etc.

36 posted on 11/18/2019 10:22:14 AM PST by Alberta's Child ("In the time of chimpanzees I was a monkey.")
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To: rintintin

The Russian Federation has a general VAT rate of 20%.

There’s also Unified Social Tax (35.65) that employers must pay.

https://waytorussia.net/business/tax.html

The Russian Federation also gets a lot of revenue from oil/natural gas at the production and export phases.


37 posted on 11/18/2019 10:22:33 AM PST by Brian Griffin
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