Supreme Council deputies oppose financial amnesty

04/12/16 20:29

Supreme Council deputies oppose financial amnesty

Today the committee on economic policy, budget and finance has considered the law «On some additional measures aimed at minimising the adverse influence of external economic factors».

The president's initiative, already approved on first reading, has received a number of lawmakers' amendments. Thus, it was proposed to exclude a financial amnesty form the anti-crisis package. It is noted that such a mechanism was employed in different years to enhance the economies of Germany, Belgium, Italy, Ireland, Russia and Kazakhstan.

However, MPs argued against these anti-crisis measures, noting that the PMR's tax system is simple enough and this measure will hurt the economic entities that pay all taxes.

«It will turn out that the enterprises that are good tax payers pay rather high taxes. We have businesses that use all their profit to pay taxes It will turn out that having paid everything in full volume, they won't enjoy any benefits or preferences. And the enterprises and economic entities which evaded taxes will be placed at an advantage," noted the head of the committee, Alexander Martynov.

The law's provision providing for the exemption from punitive sanctions for the failure to meet repatriation deadlines was also much debated. PRB representatives argued that this was an encouraging measure.

«These measures aim to support both foreign trade operators and our budget," the PRB's official spokesperson voiced his position.

Representatives of the Union of Manufacturers, agrarians and businesspersons also subscribed to this opinion and asked people's deputies to review their amendment.

As a result, lawmakers have proposed to elaborate the repatriation mechanism so that it would account for the interests of all parties concerned.

 

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