Vladimir Putin supports the introduction of a levy on high-end products in Russia
In a recent address, Russian President Vladimir Putin explored fiscal issues, discussing topics such as dividend taxation, luxury tax, and other financial matters. During his speech, Putin drew parallels between the current situation and historical events, mentioning that during the Vietnam and Korean Wars, taxes for high-income citizens were increased. This comment suggests a willingness among Russians to contribute towards national causes when necessary. Putin also highlighted the patriotism and non-greedy nature of the Russian population. He noted that when funds are directed towards a specific noble cause, there are no objections from the people. This sentiment underscores the public's support for responsible fiscal policies. The President also commented on the Russian government's approach to fiscal policies, stating that the country is following a similar trend but emphasized the importance of not overdoing it. He suggested that the current measures are reasonable. However, there is a lack of publicly verifiable sources that provide information on the size of the tax group NDFR introduced in Russia since 2025, nor on the tax rates of the five tier levels for certain incomes. This lack of transparency raises questions about the specifics of the government's fiscal policies. Despite this, Putin's comments reflect a commitment to responsible fiscal management and a focus on national causes, striking a chord with many Russians. As the situation continues to evolve, it will be interesting to see how these fiscal policies unfold in the coming years.
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