Free Republic

Two of Vladimir Putin’s daughters have made rare public appearances despite efforts by the Russian president to keep his family tree a secret. Putin proudly traces his family tree back to the 1600s as it’s put on display at the St Petersburg International Economic Forum – but the names and details of his partners and children have been censored. Two of his children are speaking at the forum, but ordinary Russians are not allowed to know of their familial link. Endocrinologist Maria Vorontsova, 39, is Putin’s eldest daughter and was speaking at the forum about Russia’s bioeconomy. Younger sister Katerina...

Russia’s finance ministry on Tuesday proposed introducing extra progressive income tax rates for those earning more than 2.4 million roubles ($27,100) annually, as well as raising the mineral extraction tax for fertiliser and iron ore producers. -snip- The proposed tax amendments also include an increase in taxes for fertiliser and iron ore producers. The mineral extraction tax for iron ore producers would increase by 1.15 times, for potash producers by 2.3 times and it would double for phosphorus fertiliser producers.

Russia has announced plans to raise taxes on businesses and the wealthy as it scrambles for additional revenue to fund its invasion of Ukraine. -snip- “The changes are aimed at building a fair and balanced tax system,” Minister of Finance Anton Siluanov said in a statement, adding that the extra funds would bolster Russia’s “economic wellbeing”. -snip- Income tax is currently 13 percent for the majority of Russians, with some higher earners paying a rate of 15 percent. The Finance Ministry said under the amendments that the 15 percent rate would apply for annual incomes between 2.4 and 5 million...

Russia launched plans to sharply raise taxes on high earners and companies to fill state coffers and fund what it sees as a long war in Ukraine. A government commission on Wednesday approved a Finance Ministry plan to introduce a new progressive income tax as well as raise corporate tax rates. The proposed amendments, which would come into force from next year, are expected to bring an additional 2.6 trillion rubles, or around $29 billion. -snip- Per capita household income is around $7,100, according to data provider CEIC. Russia’s military expenditures are already running at over 6% of gross domestic...