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Russia’s communists propose to raise duty on currency deposit incomes

14:40 27/10/2020

MOSCOW, October 27 (RAPSI) – A group of lawmakers representing the Communist Party of the Russian Federation, including its chair Gennady Zyuganov, have submitted to the State Duma a bill increasing taxation of the individuals’ income from foreign currency deposits up to 15%.

Amendments are proposed to the Tax Code, an explanatory note to the bill reads.

The draft law’s sponsors belive the document will reduce Russia’s dependence on the leading role of foreign currencies in the country’s financial and banking sphere. Circulation of foreign currencies in Russia degrades the national sovereignty, loosens the ruble stability and violates the state Constitution, the communists claim.

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Russia’s communists propose to raise duty on currency deposit incomes

14:40 27/10/2020 A group of lawmakers representing the Communist Party of the Russian Federation, including its chair Gennady Zyuganov, have submitted to the State Duma a bill increasing taxation of the individuals’ income from foreign currency deposits up to 15%.
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