• eng
Register11:08 GMT +3 hours29 May 2015
Live
Business

15-20% of Russians Work in Shadow Economy

Business
Get short URL
01200
Up to a fifth of Russians work in a shadow economy that does not generate adequate tax payments, the country’s labor minister said Friday.

MOSCOW, January 17 (RIA Novosti) – Up to a fifth of Russians work in a shadow economy that does not generate adequate tax payments, the country’s labor minister said Friday.

“Fifteen to 20 percent of citizens” work jobs that do not provide proper tax and social security payments to the government, Maxim Topilin told an economic forum in Moscow.

“I believe that it is simply unfair for those who work legally and pay all their taxes to support those who shirk such responsibility,” the minister said.

He called for stricter legislation as well as economic incentives to promote transparency among Russian businesses.

 

Tags:
economy, tax evasion, Maxim Topilin

Community standardsDiscussion

Comment via FacebookComment via Sputnik
  • Сomment
Top stories