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Why Russia is planning its biggest tax hike in 25 years

Source: firstpost.com firstpost.com
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News Snapshot:
Russia has announced plans to increase taxes on businesses and the wealthy as it seeks additional revenue to fund its invasion of Ukraine. Since Moscow ordered its troops into Ukraine in February 2022, government spending has exceeded revenue by tens of billions of dollars due to sanctions that have cut off energy sales to Europe read more Russian President Vladimir Putin watches honour guards passing by during a flower-laying ceremony at the Tomb of the Unknown Soldier on Victory Day, which marks the 79th anniversary of the victory over Nazi Germany in World War Two, in central Moscow, Russia, 9...
Note: Please don’t mind the mess. Some source code may appear in the Snapshot above as we train our A.I.
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