Not to be outdone by the Irish, the Russian tax authorities are making noise about a crackdown on taxes paid by the super-rich. However, as opposed to tax breaks, the Russian Federal Tax Service is concentrating on tax evasion as a source of wealth.
There’s no question that there is a giant disparity in the gap between rich and poor in Russia. While many citizens are struggling to find affordable housing and pay for food in an economy that is not exactly booming, Forbes reported that 52 of the billionaires on its rich list were Russian.
What is certain is that some sort of “interregional tax inspectorate” will be created to monitor the income and tax reporting of the super rich. What is not certain is when that might happen. Some agencies are reporting that the inspectorate will begin activities within the next few days. However, the Federal Tax Service is denying that time line, claiming that there are no plans in the “near future” (whatever that means).Want more taxgirl goodness? Pick your poison: You can receive posts by email, follow me on twitter (@taxgirl) hang out with me on Facebook and check out my YouTube channel.