Will Putin's address save Russian economy?Russian economists had different reaction to economic initiatives of Russian President Vladimir Putin. One the initiatives was to conduct amnesty of offshore capital and freeze taxes for four years. The head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin told Vestnik Kavkaza that the economic initiatives of the president correspond to the needs of Russian business.He stressed that the changing of the tax regime will help Russian businesses to look with optimism into the future and develop.The chairman of the Board of the National Currency Organization, Dmitry Piskulov, in his turn, noted that Putin's initiative will be effective only when the basic principle declared president is ensured: the security of capital by the jurisdiction of the Russian Federation. Piskukov believes that if capital returns to Russia, the ruble will strengthen. Speaking of freezing taxes for four years, Piskulov noted that this is the minimum time required for the steady growth of business in Russia. The president of an expert company Neocon, Mikhail Khazin, in contrast, was skeptical of the effectiveness of Vladimir Putin's initiative. "We need to radically change the monetary and fiscal policy and many other things," he said.
Russian economists had different reaction to economic initiatives of Russian President Vladimir Putin. One the initiatives was to conduct amnesty of offshore capital and freeze taxes for four years. The head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin told Vestnik Kavkaza that the economic initiatives of the president correspond to the needs of Russian business.
He stressed that the changing of the tax regime will help Russian businesses to look with optimism into the future and develop.
The chairman of the Board of the National Currency Organization, Dmitry Piskulov, in his turn, noted that Putin's initiative will be effective only when the basic principle declared president is ensured: the security of capital by the jurisdiction of the Russian Federation.
Piskukov believes that if capital returns to Russia, the ruble will strengthen.
Speaking of freezing taxes for four years, Piskulov noted that this is the minimum time required for the steady growth of business in Russia.
The president of an expert company Neocon, Mikhail Khazin, in contrast, was skeptical of the effectiveness of Vladimir Putin's initiative. "We need to radically change the monetary and fiscal policy and many other things," he said.
