An increase in the income tax rate for those who earn more than 25 million rubles a year will not only replenish the budget, but also increase social justice. This opinion was expressed by the Candidate of Economic Sciences Mikhail Belyaev in an interview with socialbites.ca, commenting on the initiative of the Deputy Chairman of the State Duma of the LDPR, Boris Chernyshov, to increase the personal income tax rate from 13% to 20%. “for rich Muscovites.”
“This issue has been delayed for a long time, but it has been favored by many winners. There is opposition from all sides, arguments are put forward against the fact that the increase in the personal income tax rate undermines business activity. But we understand that, on the one hand, our budget needs additional revenues, because it is running short or close to giving, the sources of regeneration have been depleted to some extent. In addition, in the context of sanctions and SVO, additional revenues are simply necessary for the budget. The social function of surplus taxes. There is a huge gap between low income earners and high income earners. Taking into account the fact that people do not react very calmly to someone earning more, the increase in the personal income tax rate can be perceived as an increase in fairness, ”Belyaev said.
The economist also pointed out that the initiative would not be effective without tight control and serious economic sanctions against tax evasion.
“Tax is not a voluntary issue, it is a mandatory issue. Tax evasion is a serious offense against the state. Therefore, this should be followed strictly and there should be appropriate economic sanctions so that it will be more profitable to pay the tax later. If this part is absent, we can assume that all this is just another futile attempt, ”concluded Belyaev.
On June 29, it became known that the Deputy Chairman of the State Duma Boris Chernyshov sent a letter to the Federal Tax Service (FTS) with a proposal to increase the personal income tax rate to 20% for “wealthy Muscovites” with an income of more than 25. million rubles. within the year.
The deputy spoke about the progressive scale of taxation of Russians, who earned more than 5 million rubles, accordingly. they are subject to personal income tax at the rate of 15%, not 13 per annum. According to him, for those who earn more than 25 million rubles a year, the rate needs to be increased by another 5% in order to “improve justice”.
Earlier, the State Duma approved the bill at the first reading. about login Tax on excess profits of companies in Russia. The new 10% fee will affect businesses with an average profit of more than one billion rubles in 2021 and 2022.