{"id":9835,"date":"2024-04-27T11:01:10","date_gmt":"2024-04-27T08:01:10","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=9835"},"modified":"2024-04-27T11:01:10","modified_gmt":"2024-04-27T08:01:10","slug":"putins-war-will-soon-reach-russians-tax-bills","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=9835","title":{"rendered":"Putin\u2019s War Will Soon Reach Russians\u2019 Tax Bills"},"content":{"rendered":"

Russia\u2019s president has signaled an increase in income and corporate taxes that will help finance the war. The move reflects his firm control over Russian policy.<\/p>\n

President Vladimir V. Putin of Russia is about to institute a rare tax increase on corporations and high earners, a move that reflects both the burgeoning costs of his war in Ukraine and the firm control he has over the Russian elite as he embarks on a fifth term in office.Financial technocrats in Mr. Putin\u2019s government are searching for new ways to fund not just an expensive war in Ukraine but also a broader confrontation with the West that is likely to remain costly for years. Russia is allocating nearly a third of its overall 2024 budget to national defense spending this year, a huge increase, adding to a deficit that the Kremlin has taken pains to keep in check.The proposed tax increase underscores Mr. Putin\u2019s rising confidence about his political control over the Russian elite and his country\u2019s economic resilience at home, showing that he is willing to risk alienating parts of society to fund the war. It would represent the first major tax overhaul in over a decade.\u201cI think that this is a real sign of how comfortable he is,\u201d said Richard Connolly, an expert on the Russian economy at Oxford Analytica, a strategic analysis firm. \u201cThe fact that they are doing it \u2014 they are looking to repair the house whilst the weather is good, or at least reinforce the walls from a fiscal point of view.\u201d<\/p>\n
President Vladimir V. Putin in Moscow in March. He has said he is seeking a more equitable distribution of the tax burden.<\/span>Nanna Heitmann for The New York Times<\/span><\/span><\/span><\/figcaption><\/figure>\n

Military spending and high oil prices have buoyed the Russian economy and driven up wages, despite causing higher inflation and shortages in the labor market; that is probably leading financial officials to see the current moment as a good time to push through tax increases.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.<\/p>\n

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Russia’s president, Vladimir V. Putin, is planning to increase income and corporate taxes to help finance the war in Ukraine. This move demonstrates his control over Russian policy and reflects his confidence in his political control over the Russian elite.<\/p>\n","protected":false},"author":6,"featured_media":9836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1964,6552,6393,1766,325,1498,6584,3399,5099,2511,26,569,415,2294,7696,1823,67,3419,4484,7776,3091,393,4593,5076,2057,1500,4833,8078,4843,1033,154,3126,4054,19,3480,1065,7090,6917,4343,3359,1183,17,4870,293,8077,3306,339],"class_list":["post-9835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-2024-budget","tag-access","tag-analysis","tag-budget","tag-check","tag-confidence","tag-confrontation","tag-corporate-taxes","tag-corporations","tag-costs","tag-economy","tag-finance","tag-government","tag-income","tag-income-and-corporate-taxes","tag-increase","tag-inflation","tag-kremlin","tag-labor","tag-march","tag-moscow","tag-new-york","tag-office","tag-oil","tag-oil-prices","tag-patience","tag-policy","tag-political-control","tag-president","tag-prices","tag-putin","tag-resilience","tag-risk","tag-russia","tag-spending","tag-tax","tag-tax-bills","tag-tax-burden","tag-tax-increase","tag-tax-increases","tag-taxes","tag-ukraine","tag-wages","tag-war","tag-war-financing","tag-war-in-ukraine","tag-weather"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\nPutin\u2019s 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